Journal article

Galton's Fallacy and Economic Convergence.

Abstract:: The term 'Galton's fallacy' has more than one meaning. Usages of the term starting with Francis Galton are reviewed. Recently the term has been used to denote problems encountered when the neoclassical convergence model is tested in a cross-section of country GNP histories (Barrow-Baumol regressions). M. Friedman and D. Quah independently identify problems which they separately call Galton's fallacy. Friedman and Quah mean different things by the term. Once the nature of various Galton fallacies have been clarified, it is possible to elucidate some issues of econometric estimation that may be encountered in economic convergence regression estimation.

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APA Style

Bliss, C. (1999). Galton's Fallacy and Economic Convergence. Oxford Economic Papers, 51.

MLA Style

Bliss, C. “Galton's Fallacy and Economic Convergence.” Oxford Economic Papers, vol. 51, 1999.

Chicago Style

Bliss, C. 1999. “Galton's Fallacy and Economic Convergence.” Oxford Economic Papers 51.
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+ Bliss, C More by this author

Role:: Author

Journal:: Oxford Economic Papers More from this journal
Volume:: 51
Publication date:: 1999-01-01
ISSN:: 0030-7653

UUID:: uuid:505c73a8-be36-401e-83b7-524407679ac8
Local pid:: oai:economics.ouls.ox.ac.uk:12787
Deposit date:: 2011-08-15

Terms of use

Copyright date:: 1999

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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