Time-series output convergence tests and stationary covariates

Dimitris Christopoulos and Miguel Leon-Ledesma

Economics Letters, 2008, vol. 101, issue 3, 297-299

Abstract: We present time-series evidence on output convergence for 14 OECD countries allowing for time-varying determinants of transitional dynamics. We develop a simple theoretical model and test for non-stationarity in relative outputs using stationary covariates finding strong support for convergence.

Keywords: Time-series; convergence; Stationary; covariates; Unit; roots (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:297-299

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