On the measurement of convergence as an ongoing process
Anastasios Koukoumelis
Applied Economics Letters, 2008, vol. 15, issue 5, 363-365
Abstract:
Time-varying parameter techniques are commonly used to examine whether convergence in income has been a stable process. This article incorporates additional local features to a model studying 14 EU countries, thereby providing better estimates of the current state of the system when the relative income series are highly nonlinear.
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:15:y:2008:i:5:p:363-365
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DOI: 10.1080/13504850600706222
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