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Testing of Growth Convergence and Economic Transition Under the Framework of the S-Curve Hypothesis
https://doi.org/10.1142/9789814291842_0003Cited by:0 (Source: Crossref)
Abstract:
The following sections are included:
Introduction
S-Curve hypothesis' predictions on growth convergence
Econometric modeling of growth convergence by Phillips and Sul
Synergizing Lim's S-Curve hypothesis and Phillips and Sul's modeling of economic transition
Review of Phillips and Sul's Methodology
Modeling economic transitions
Testing convergence using variance ratio
Analysis of Transition Paths
Data and categorization of economies
Relative transition curves of the 3 groups of economies
Relative transition curves of the elephant economies
Relative transition curves of the horse economies
Relative transition curves of the turtle economies
Econometric Testing of Growth Convergence
Conclusion
Appendix: List of Economies and Their Abbreviations
