The legendary 2% convergence parameter: flexible or fixed?

• Autorzy: Mariusz Próchniak , Bartosz Witkowski
• Języki publikacji: EN

Abstrakty

EN

The study analyzes the time stability of the beta convergence coefficient for the EU28 countries over the 1992-2012 period which is divided into seventeen 5-year overlapping subperiods. The basic convergence model is estimated with the use of GMM system estimator and a variety of control variables which are typical growth factors. It turns out that the average value of β-coefficient is 6.10% which indicates quite a rapid pace of convergence. However, it is not appropriate to claim about a constant rate of convergence over time among the EU countries as β-parameter was changing over time. After some trough in the second half of the 1990s, it was observed a gradual acceleration of the pace of the catching-up process in the 2000s and 2010s.(original abstract)

Słowa kluczowe

PL

Modele regresji; Regresja liniowa; Metody ekonometryczne; Badania empiryczne

EN

Regression models; Linear regression; Econometric methodology; Empirical researches

• Czasopismo: Roczniki Kolegium Analiz Ekonomicznych / Szkoła Główna Handlowa
• Rocznik: 2014
• Numer: nr 34 Modelowanie danych panelowych : teoria i praktyka : III Ogólnopolska Konferencja
• Strony: 227-243

Twórcy

autor

Mariusz Próchniak

• Warsaw School of Economics, Poland

autor

Bartosz Witkowski

• Warsaw School of Economics, Poland

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