CRECIMIENTO Y CONVERGENCIA: A PROPÓSITO DE QUAH (Article published in Spanish)
Keywords:
Growth, convergence, unit root, stochastic core, Markov chains.Abstract
This paper discusses the results of Quah´s work on convergence between countries. The results show that, although Quah´s work regarding beta and sigma convergence is overwhelming, his stochastic core estimate is fairly controversial. Therefore, the transition between countries is reduced to a one-step Markov chain.
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