Testing the convergence hypothesis: a new approach

EI Bairam, SD McRae - Economics letters, 1999 - Elsevier
… This short paper demonstrates how to assess the relative roles of stages of economic
development (convergence/divergence), the degree of returns to scale and capital deepening
in explaining productivity growth differences in the agricultural sector of 101 countries. …
Figures in parentheses are t statistics (* indicates that the estimated coefficient is not statistically
significantly different from zero at the 0.05 test level). R ̄ 2 , LLF and RESET(2) are adjusted
coefficient of determination, the log of likelihood function and RESET(2) statistic, respectively …
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