Abstract

MORA, JHON JAMES. CRECIMIENTO Y CONVERGENCIA: A PROPÓSITO DE QUAH. estud.gerenc. [online]. 2003, vol.19, n.89, pp.57-72. ISSN 0123-5923.

This paper discusses the results of Quah´s work on convergence between countries. The results show that, although Quah´s work regarding beta and sigma convergence is overwhelming, his stochastic core estimate is fairly controversial. Therefore, the transition between countries is reduced to a one-step Markov chain.

Keywords : Growth; convergence; unit root; stochastic core; Markov chains.

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