A new time-varying method for club convergence analysis

Mateusz Tomal

Economics and Business Letters, 2024, vol. 13, issue 4, 194-202

Abstract: One of the most frequently used methods to test the club convergence hypothesis is the Phillips-Sul approach. However, this method does not allow the verification of whether the number, size, or structure of convergence clubs vary over time. Therefore, this study proposes a new time-varying method for identifying convergence clubs by modifying the Phillips-Sul approach. The new method was applied to data on gross domestic product per capita in selected European countries for 1995–2021. The results reveal that the number of convergence clubs, their size, and their internal structure changed over time.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://reunido.uniovi.es/index.php/EBL/article/view/21204 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ove:journl:aid:21204

Access Statistics for this article

Economics and Business Letters is currently edited by Francisco J. Delgado

More articles in Economics and Business Letters from Oviedo University Press Contact information at EDIRC.
Bibliographic data for series maintained by Francisco J. Delgado ().