Pakistan Economic and Social Review - Lahore

PAKISTAN ECONOMIC and SOCIAL REVIEW

School of Economics, University of the Punjab, Lahore
ISSN (print): 1011-002X
ISSN (online): 2224-4174

CONVERGENCE HYPOTHESIS: A CROSS COUNTRY ANALYSIS

  • KALSOOM ZULFIQAR/
  • MUHAMMAD ASLAM CHAUDHARY/
  • ARIBAH ASLAM/
  • June 30, 2017
Keywords
Absolute convergence, Conditional convergence, Solow swan growth model, Pooled ordinary least square
Abstract

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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Statistics

Author(s):

KALSOOM ZULFIQAR

Assistant Professor

Department of Economics, University of the Punjab, Lahore

Pakistan

  • sakoang@yahoo.ca

MUHAMMAD ASLAM CHAUDHARY

Professor of Economics

The University of Lahore, Lahore – Pakistan

Pakistan

  • aslamchm@hotmail.com

ARIBAH ASLAM

Assistant Professor

Department 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

Statistics

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