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

Dobson, Steve;Ramlogan, Carlyn;Strobl, Eric
(2003)

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  • Dobson, Steve
    Author
  • Ramlogan, Carlyn
    Author
  • Strobl, EricUCLouvain
    Author
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.
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Dobson, S., Ramlogan, C., & Strobl, E. (2003). Why do rates of convergence differ? A meta-regression analysis (ECON Discussion Papers 2003/16). https://hdl.handle.net/2078.5/39702