Journal of Indian School of Political Economy

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Absolute Convergence:Its Speed for Selected Countries for 1961-2001


Affiliations
1 Department of Economics, Jamia Millia Islamia (Central University), New Delhi-110025, India
     

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We use cross sectional data of levels and growth rates of Gross Domestic Product (GDP) per capita of the European countries-European Union (EU) (16) (EU15+United Kingdom), South Asian Countries (five), some East Asian (eight) and Commonwealth of Independent States (CIS) Countries (15) to test for 'absolute convergence' hypothesis for four different periods-1961-2001, 1970-2001, 1980-2001, and 1990-2001.

Keywords

Growth Equation, Absolute Convergence, Speed of Absolute Convergence, Elasticity of output With Respect to Capital, Half Life of Convergence.
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  • Absolute Convergence:Its Speed for Selected Countries for 1961-2001

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Authors

Somesh K. Mathur
Department of Economics, Jamia Millia Islamia (Central University), New Delhi-110025, India

Abstract


We use cross sectional data of levels and growth rates of Gross Domestic Product (GDP) per capita of the European countries-European Union (EU) (16) (EU15+United Kingdom), South Asian Countries (five), some East Asian (eight) and Commonwealth of Independent States (CIS) Countries (15) to test for 'absolute convergence' hypothesis for four different periods-1961-2001, 1970-2001, 1980-2001, and 1990-2001.

Keywords


Growth Equation, Absolute Convergence, Speed of Absolute Convergence, Elasticity of output With Respect to Capital, Half Life of Convergence.