DETECTING THE CONVERGENCE CLUBS AND CATCH−UP IN GROWTH
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 1
Abstract
We conduct empirical panel data analysis to detect the catching- up effect in growth and the possibility to form different convergence clubs in selected Europe and Asian economies. In particular, we seek to investigate if the selected countries are able to catch- up to the growth level of developed economy of the United Kingdom (U.K.). The control variables used to test for conditional convergence include inflation, trade, net inflow of foreign direct investment, total population and government consumption expenditure. Our results reveal that all economies except Turkey and India are able to catch- up with U.K. economy. The economies in both regions of Europe and Asia are able to form their convergence clubs.
Authors and Affiliations
Poh Choo Song| School of Mathematical Sciences, Universiti Sains Malaysia, Penang, Malaysia, Siok Kun Sek| School of Mathematical Sciences, Universiti Sains Malaysia, Penang, Malaysia, Wai Mun Har| Accountancy and Management, Universiti Tunku Abdul Rahman, Selangor, Malaysia
Keywords
Related Articles
- EP ID EP1864
- DOI -
- Views 403
- Downloads 41
CORPORATE GOVERNANCE IN ZIMBABWE: AN OVERVIEW OF ITS CURRENT STATE
This article aims to provide an overview of the current state of corporate governance in Zimbabwe. Corporate governance has gained relevance and prominence in the global society since the big corporate scandals such as E...
THE EFFECT OF CORPORATE GOVERNANCE ON FIRM PERFORMANCE, EVIDENCE FROM EGYPT
Corporate governance is well thought-out to have major implications for the growth prediction of an economy. Fine corporate governance practices are viewed as important in decreasing risk for investors; catch the attenti...
MUSLIM WOMEN ENTREPRENEURS’ MOTIVATION IN SMES: A QUANTITATIVE STUDY IN ASIA PACIFIC COUNTRIES
Women occupy nearly half of the working population. However, there are too many challenges for them to get engaged into a job as they have to sacrifice their time with their family. It is a norm and tradition for Asian P...
REFLECTS THE HIDDEN: MEASURING SRI LANKAN SHADOW ECONOMY
This study refines both theoretical and pragmatic basis in estimating the size of shadow economy in Sri Lanka. Theoretical investigation had noticed a possibility of use the rate of underemployment as a determinant to me...
GENDER DISPARITY IN EDUCATION ENROLLMENT IN PAKISTAN
The paper examines the determinants of school enrollment in Pakistan. The likelihood of school enrollment is estimated using separate logistic regression models for three different age groups. The empirical results indic...