Time series test of nonlinear convergence and transitional dynamics

Terence Tai Leung Chong (), Melvin J. Hinich, Venus Khim-Sen Liew () and Lim, Kian-Ping

Economics Letters, 2008, vol. 100, issue 3, pages 337-339

Abstract: This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et al. [Kapetanios, G., Shin, Y. and A. Snell, 2003. Testing for a unit root in the nonlinear STAR framework. Journal of Econometrics 112, 359-379.]. Out of the 12 OECD income gaps in which nonlinearity has been detected, two cases of long-run converging and four cases of catching up are found.

Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:100:y:2008:i:3:p:337-339

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