TESTING OF REAL CONVERGENCE IN GERMANY IN THE PRESENCE OF STRUCTURAL BREAKS

Luis Gil-Alana

The Singapore Economic Review (SER), 2005, vol. 50, issue 01, 93-101

Abstract: In this short article we examine the real convergence hypothesis in Germany with respect to the US by means of fractional integration. Using a parametric procedure due to Robinson (1994), the results show that real convergence is only achieved in this country if we take into account the presence of a structural break at World War II. The same evidence is found in other countries (like Japan, the UK and Canada) when this break is considered.

Keywords: Real convergence; fractional integration; structural breaks (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1142/S0217590805001846

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