Testing for country heterogeneity in gro
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Marco AlfΓ²; Giovanni Trovato; Robert J. Waldmann
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Article
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2008
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John Wiley and Sons
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English
β 240 KB
## Abstract We define a bivariate mixture model to test whether economic growth can be considered exogenous in the Solovian sense. For this purpose, the multivariate mixture approach proposed by AlfΓ² and Trovato is applied to the Bernanke and GΓΌrkaynak extension of the Solow model. We find that the