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Non‐linearities in cross‐country growth regressions: a semiparametric approach
Author(s) -
Liu Zhenjuan,
Stengos Thanasis
Publication year - 1999
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/(sici)1099-1255(199909/10)14:5<527::aid-jae528>3.0.co;2-x
Subject(s) - econometrics , economics , cross country , semiparametric regression , semiparametric model , regression , mathematics , statistics , demographic economics , nonparametric statistics
In this paper we employ an additive semiparametric partially linear model to uncover the way that initial output and schooling levels affect growth rates. Our results based on marginal integration allow for graphical representation of the non‐linearities that characterize the effects that these variables have on growth rates and suggest the presence of multiple regimes (equilibria). Our findings seem to be in agreement with those of Durlauf and Johnson (1995) and Hansen (1996) who used a different data set. Copyright © 1999 John Wiley & Sons, Ltd.