The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Multiple regimes and cross‐country growth behaviour
Abstract
This paper provides some new evidence on the behaviour of cross‐country growth rates. We reject the linear model commonly used to study cross‐country growth behaviour in favour of a multiple regime alternative in which different economies obey different linear models when grouped according to initial conditions. Further, the marginal product of capital is shown to vary with the level of economic development. These results are consistent with growth models which exhibit multiple steady states. Our results call into question inferences that have been made in favour of the convergence hypothesis and further suggest that the explanatory power of the Solow growth model may be enhanced with a theory of aggregate production function differences.
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Citations
Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Estimating long-run relationships from dynamic heterogeneous panels
Pesaran, M. H., & Smith, R. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01644-f · Cited by 5,479 · cited 2×
“This line of research has been initiated in Quah (1992a,b); see also Pesaran and Smith (1994) for analysis of many of the relevant econometric issues.”
BackgroundMethod
Cited by
Transition Modeling and Econometric Convergence Tests
Phillips, P. C. B., & Sul, D. (2007) · Econometrica · doi:10.1111/j.1468-0262.2007.00811.x · Cited by 1,451
A pair-wise approach to testing for output and growth convergence
Hashem Pesaran, M. (2007) · Journal of Econometrics · doi:10.1016/j.jeconom.2006.05.024 · Cited by 343
Non‐linear finance–growth nexus: A threshold with instrumental variable approach1
Huang, H., & Lin, S. (2009) · Economics of Transition · doi:10.1111/j.1468-0351.2009.00360.x · Cited by 148
Finance, growth and quantile parameter heterogeneity
Andini, M., & Andini, C. (2014) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2014.01.008 · Cited by 26
Metadata
- Authors
- Durlauf, S. N., & Johnson, P. A.
- Venue
- Journal of Applied Econometrics
- Publisher
- Wiley
- Published
- 1995-10
- Volume
- 10
- Issue
- 4
- Pages
- 365-384
- ISSN
- 0883-7252 (ISSN-L)
- 1099-1255
- OpenAlex
- W2012774161
- Cited by
- 1,353
- References
- 2
- FWCI
- 37.08
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
