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Why do rates of convergence differ ? A meta-regression analysis

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  • DOBSON, Steve
  • RAMLOGAN, Carlyn
  • STROBL, Eric

Abstract

There have been many tests of the convergence hypothesis yielding many diffrent estimates of b (the speed of convergence). Narative reviews of the convergence literature hint at possible reasons for the study-to-study variation in the value of b, but such reviews are selective and informal. In contrast, meta-regression analysis provides a more formal and objective review of the literature. It is shown that study design and methodology are important determinants of the reported convergence rate, especially in cross-national studies. There is also evidence of general misspecification in the literature.

Suggested Citation

  • DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," LIDAM Discussion Papers CORE 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2003020
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    Keywords

    b-convergence; convergence hypothesis; meta-regression analysis; neo-classical growth theory;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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