Long-run growth in the OECD: A test of the parallel growth paths hypothesis

B-Tier
Journal: Explorations in Economic History
Year: 2009
Volume: 46
Issue: 3
Pages: 346-355

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A prediction of a class of neoclassical growth models is that countries with similar levels of integration in the world economy will have parallel long-run growth paths. We test this hypothesis for the OECD, using estimates of long-run mean growth rates of per capita output for each country for the period 1870-2005. The results show strong evidence for unconditional [beta]-convergence only in the post-WWII period of 1951-1974. The results serve as a caution against drawing inferences regarding long-run growth patterns from this sample of countries when the time frame includes the post-WWII golden-age period.

Technical Details

RePEc Handle
repec:eee:exehis:v:46:y:2009:i:3:p:346-355
Journal Field
Economic History
Author Count
2
Added to Database
2026-01-25