We show that the use of pooled and panel data in estimating beta-convergence across countries (or other territorial areas) may involve some pitfalls, since these techniques cannot properly distinguish between actual convergence and the possibility of decreasing growth rates over time within each country (or territorial unit). We also show how the possible bias in the estimates can be eliminated.

On the potential pitfalls inestimating BETA-convergence bymeans of pooled and panel data

BIANCHI, CARLUCCIO;MENEGATTI, MARIO
2007-01-01

Abstract

We show that the use of pooled and panel data in estimating beta-convergence across countries (or other territorial areas) may involve some pitfalls, since these techniques cannot properly distinguish between actual convergence and the possibility of decreasing growth rates over time within each country (or territorial unit). We also show how the possible bias in the estimates can be eliminated.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11571/139670
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