Growth and convergence in a multi-countr
β
Kevin Lee; M. Hashem Pesaran; Ron Smith
π
Article
π
1997
π
John Wiley and Sons
π
English
β 328 KB
The paper considers international per capita output and its growth using a panel of data for 102 countries between 1960 and 1989. It sets out an explicitly stochastic Solow growth model and shows that this has quite dierent properties from the standard approach where the output equation is obtained