Imputing Away Convergence

The data includes real GDP (both in market-exchange rates and PPPs), population and shares of imputation-heavy industries in GDP, collected from United Nations and World Bank Databases. They can be used to construct Narrow-Measured Value-Added (NMVA) following Basu and Foley (2013), which can be compared to GDP in assessing economic convergence rates of countries (both total and per capita). Also included are control variables for unconditional convergence regressions. These variables include enrolment in primary education, population, savings rate and the rate of gross capital formation.