Nonlinear time-series convergence: The role of structural breaks

Alan King and Carlyn Ramlogan-Dobson

Economics Letters, 2011, vol. 110, issue 3, 238-240

Abstract: Chong et al. (2008) found only limited support for the income convergence hypothesis among 15 OECD nations using a nonlinear unit root test. We find considerably greater evidence of convergence by allowing for breaks in the test's time trend.

Keywords: Income; convergence; Nonlinear; mean-reversion; Structural; breaks (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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