Research ArticleOpen AccessGoogle Scholar indexed
Expanded Barro Regression in Studying Convergence Problem
National Economics University, Hanoi, Vietnam
National Economics University, Hanoi, Vietnam
Institute of Economics and Corporate Group, Hanoi, Vietnam
- 1 National Economics University, Hanoi, Vietnam
- 2 National Economics University, Hanoi, Vietnam
- 3 Institute of Economics and Corporate Group, Hanoi, Vietnam
American Journal of Operations Research·Volume 04 (2014)·Pages 301–310·Published 22 August 2014·DOI10.4236/ajor.2014.45029
Copy link · social · email
Abstract
This study develops the approach by Minh & Khanh [1] to the classic Barro and Sala-i-Martin method [2], [3] named “expanded Barro regression method”, and applies this approach in analyzing the convergence of provincial per capita GDP in Vietnam over the period of 1991-2007. Different aspects of provincial convergence are considered in this paper. The estimated result on conver-gence from our model is compared to other models.
KeywordsConvergenceBarro RegressionMarkov ModelExpanded Barro Regression
- Minh, N. and Khanh, P. (2013) Forecasting the Convergence State of per Capital Income in Vietnam. American Journal of Operations Research, 3, 487-496. http://dx.doi.org/10.4236/ajor.2013.36047
- Barro, R.J. and Sala-i-Martin, X. (1991) Convergence across States and Regions. Brookings Papers on Economic Activity, 1, 107-158. http://dx.doi.org/10.2307/2534639
- Barro, R.J. and Sala-i-Martin, X. (1995) Economic Growth. McGraw-Hill, New York.
- Sala-i-Martin, X. (1996) The Classical Approach to Convergence Analysis. The Economic Journal, 106, 1019-1036. http://dx.doi.org/10.2307/2235375
- Quah, D.T. (1993) Empirical Cross-Section Dynamics in Economic Growth. European Economic Review, 37, 426-434. http://dx.doi.org/10.1016/0014-2921(93)90031-5
- Bernard, A.B. and Jones, C.I. (1996) Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries. American Economic Review, 86, 1216-1238.