TY  - CHAP
AB  - We employ various local generalizations of the Solow growth model that model parameter heterogeneity using human development at the beginning of the period with adult literacy rates and life expectancy at birth as a proxy. The model takes the form of a semiparametric varying coefficient model along the lines of Hastie and Tibshirani (1992). The empirical results show substantial parameter heterogeneity in the cross-country growth process, a finding that is consistent with the presence of multiple steady-state equilibria and the emergence of convergence clubs.
VL  - 11
SN  - 978-1-78052-397-2, 978-1-78052-396-5/1574-8715
DO  - 10.1108/S1574-8715(2011)0000011018
UR  - https://doi.org/10.1108/S1574-8715(2011)0000011018
AU  - Kourtellos Andros
ED  - Olivier de La Grandville
PY  - 2011
Y1  - 2011/01/01
TI  - Chapter 13 Modeling Parameter Heterogeneity in Cross-Country Regression Models
T2  - Economic Growth and Development
T3  - Frontiers of Economics and Globalization
PB  - Emerald Group Publishing Limited
SP  - 367
EP  - 387
Y2  - 2024/04/24
ER  -