| Autor: |
Sofi, Arfat Ahmad, Sasidharan, Subash, Bhat, Mohammad Younus |
| Předmět: |
|
| Zdroj: |
International Journal of Finance & Economics; Jul2023, Vol. 28 Issue 3, p2475-2494, 20p |
| Abstrakt: |
The study investigates economic growth and club convergence in a cross‐country framework from 1970–1971 to 2014–2015. In particular, we test the club convergence hypothesis through a non‐parametric and spatial interaction setting. The kernel density estimate shows a cyclical behaviour of per capita incomes, albeit following a common steady state. The conditional distribution is concentrated around the mean indicating a similar relative position across the heterogeneous countries. The transitional probabilities are strong enough to demonstrate a significant sign of clubbing. On testing the convergence hypothesis, we perceive strong evidence of club convergence across the countries. A persistent spatial dependence is unveiled across the proximities, therefore confirming the neighbour's effects in club formation. The study realizes a need to harmonize the interaction between the countries to improve the conditions for achieving long‐run sustained economic growth. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
|
|
Nepřihlášeným uživatelům se plný text nezobrazuje |
K zobrazení výsledku je třeba se přihlásit.
|
