Model | Absolute β convergence | Conditional β convergence | ||
---|---|---|---|---|
(1) | (2) | (3) | (4) | |
Type I | Type II | Type I | Type II | |
β | -0.467*** (0.029) | -0.498*** (0.067) | -0.631*** (0.035) | -0.975*** (0.132) |
ρ/λ | 0.354** (0.154) | -0.872*** (0.296) | 0.311* (0.161) | -0.888*** (0.304) |
W × β | -0.186 (0.267) | -1.678** (0.755) | ||
N | 384 | 108 | 384 | 108 |
R2 | 0.329 | 0.098 | 0.012 | 0.131 |