A Simple Measure of β‐Convergence

1 May 1997

journal article
Published by Wiley in Oxford Bulletin of Economics and Statistics

Vol. 59 (2) , 257-264
https://doi.org/10.1111/1468-0084.00063

Abstract

We propose a simple measure of β‐convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950–1988. We find evidence of β‐convergence but only in the presence of σ‐convergence.

Keywords

SIMPLE MEASURE
OECD
FALLACY
GALTON'S
ILLUSTRATE
CONVERGENCE WE PROPOSE
MEASURE OF Β

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