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Johnson, Paul A.

A continuous state space approach to "Convergence by Parts,"

Publication Date
2005-March-01
Document Type
Department or Program
Document Type
Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply...

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A nonparametric analysis of income convergence across the US states

Publication Date
1999-December-01
Document Type
Department or Program
Document Type
Abstract

In this paper I apply the nonparametric methods proposed by Quah to data on US state relative income levels. In contrast to Quah's results using cross-country data I find no evidence of polarization in the cross-state income distribution. The long-run...

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A test of normality assumption in the ordered probit model

Publication Date
1995-December-01
Document Type
Department or Program
Document Type
Abstract

This paper presents an easily implemented test of the assumption of a normally distributed error term for the ordered probit model. As this assumption is the central maintained hypothesis in all estimation and testing based on this model, the test...

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Convergence among the U.S. states: Absolute, conditional, or club?

Publication Date
2003-October-01
Document Type
Department or Program
Document Type
Abstract

This paper attempts to ascertain which of the convergence hypotheses – absolute, conditional, or club – best describes the economic development of the U.S. states since 1950. We use regression tree analysis to identify convergence clubs among the states and...

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Growth econometrics

Publication Date
2004-October-22
Document Type
Department or Program
Document Type
Abstract

This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous...

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Is it really the Fisher effect?

Publication Date
2006-March-01
Document Type
Department or Program
Document Type
Abstract

Many researchers have used a cointegration approach to test for the Fisher effect. This note argues that the cointegration of the nominal interest rate and the inflation rate is consistent with any theory implying a stationary real interest rate and...

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Mixture models and convergence clubs

Publication Date
2008-January-01
Document Type
Department or Program
Document Type
Abstract

In this paper we argue that modeling the cross-country distribution of per capita income as a mixture distribution provides a natural framework for the detection of convergence clubs. The framework yields tests for the number of component distributions that are...

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Social capability and economic development

Publication Date
1996-November-01
Document Type
Department or Program
Document Type
Abstract

The conventional wisdom is that postwar economic growth has been unpredictable. In the 1960s few observers accurately forecast which countries would grow quickly. In this paper we show that indexes of social development constructed in the early 1960s have considerable...

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Why Did Singapore Take the Gamble? To What Extent Did Legalizing Casino Gambling Lead to Economic Growth in Singapore?

Publication Date
2015-January-01
Document Type
Department or Program
Document Type
Access Level
Abstract

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

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Why Did Singapore Take the Gamble? To What Extent Did Legalizing Casino Gambling Lead to Economic Growth in Singapore?

Publication Date
2015-January-01
Document Type
Department or Program
Document Type
Access Level
Abstract

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

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Why Did Singapore Take the Gamble? To What Extent Did Legalizing Casino Gambling Lead to Economic Growth in Singapore?

Publication Date
2015-January-01
Document Type
Department or Program
Document Type
Access Level
Abstract

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

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