- PAKISTAN ECONOMIC and SOCIAL REVIEW, Vol # 55, Issue # 1
- CONVERGENCE HYPOTHESIS: A CROSS COUNTRY ANALYSIS
CONVERGENCE HYPOTHESIS: A CROSS COUNTRY ANALYSIS
- KALSOOM ZULFIQAR/
- MUHAMMAD ASLAM CHAUDHARY/
- ARIBAH ASLAM/
- June 30, 2017
Keywords
Convergence debate has been an important topic of economic growth literature. This article aims to investigate convergence at assorted level of disaggregation among a sample of almost 60 countries. It has tested absolute and conditional convergence hypotheses for a set of developed and developing countries by applying pooled least square methodology. The results suggest absolute convergence for countries having similar characteristics and conditional convergence for countries having heterogeneous structures. Disparity level for each country is also calculated with reference to average steady state income. The study has also scrutinized the role of investment, openness and population growth in accelerating the convergence process.
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Author(s):
KALSOOM ZULFIQAR
Assistant ProfessorDepartment of Economics, University of the Punjab, Lahore
Pakistan
- sakoang@yahoo.ca
MUHAMMAD ASLAM CHAUDHARY
Professor of EconomicsThe University of Lahore, Lahore – Pakistan
Pakistan
- aslamchm@hotmail.com
ARIBAH ASLAM
Assistant ProfessorDepartment of Economics, The University of Lahore, Lahore – Pakistan.
Pakistan
Details:
Type: | Articles |
Volume: | 55 |
Issue: | 1 |
Language: | English |
Id: | 606d7e11bf698 |
Pages | 229 - 250 |
Published | June 30, 2017 |
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This work is licensed under a Creative Commons Attribution 4.0 International License.