摘要：This paper tests the null hypothesis of endogenous growth theories which predict cross country differences in trend growth rates against the alternative hypothesis of exogenous growth theories which predict the same trend growth rates. We use the modified test procedure with heterogeneous intercepts allowing different growth rates across economies. We apply the test to 17 Asian countries and NIEs with panel data. Our results are consistent with neoclassical growth theories which predict the convergence of the 17 Asian countries and NIEs, but which imply that trend growth rates are different across economies. These results support the conditional convergence of the exogenous growth model against the endogenous growth model.
