Why Do Rates of Convergence Differ? A Meta-Regression Analysis

University of Nottingham, CREDIT Research Paper No. 03/01

39 Pages Posted: 21 Apr 2003

See all articles by Stephen Dobson

Stephen Dobson

University of Otago - School of Business - Department of Economics

Carlyn Ramlogan

University of Otago - School of Business - Department of Economics

Eric Strobl

Ecole Polytechnique, Paris - Department of Economic Sciences; IZA Institute of Labor Economics

Date Written: January 2003

Abstract

There have been many tests of the convergence hypothesis yielding many different estimates of B (the speed of convergence). Narrative 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.

Keywords: B-convergence, convergence hypothesis, meta-regression alalysis, neo-classical growth theory

JEL Classification: 04

Suggested Citation

Dobson, Stephen Mark and Ramlogan, Carlyn and Strobl, Eric, Why Do Rates of Convergence Differ? A Meta-Regression Analysis (January 2003). University of Nottingham, CREDIT Research Paper No. 03/01, Available at SSRN: https://ssrn.com/abstract=380345 or http://dx.doi.org/10.2139/ssrn.380345

Stephen Mark Dobson (Contact Author)

University of Otago - School of Business - Department of Economics ( email )

PO Box 56
Dunedin
New Zealand
+64 3 479 5296 (Phone)

Carlyn Ramlogan

University of Otago - School of Business - Department of Economics ( email )

PO Box 56
Dunedin
New Zealand

Eric Strobl

Ecole Polytechnique, Paris - Department of Economic Sciences ( email )

Ecole Polytechnique
Department of Economics
Paris, 75005
France

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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