New Evidence on the Convergence of International Income from a Group of 29 Countries

John Dawson and Amit Sen

No 05-22, Working Papers from Department of Economics, Appalachian State University

Abstract: This paper updates and extends the time-series evidence on the convergence of international incomes using a set of 29 countries over the period 1900-2001. Time-series tests for stochastic convergence are supplemented with tests which provide evidence on the notion of Beta-convergence predicted by the Solow model. The evidence indicates that the relative income series of 21 countries are consistent with stochastic convergence, and that Beta-convergence has occurred in at least 17 countries at some point over the 1900-2001 period. Further examination of the properties of the Beta- convergence test provides anecdotal evidence of conditional convergence during the post-war period in seven countries for which the convergence hypothesis was initially rejected. Analysis of the cross-country dispersion of incomes over time also suggests that convergence has occurred over the 1900-2001 period, with structural breaks associated with World War II in many countries causing a break in the convergence process.

Date: 2005
New Economics Papers: this item is included in nep-cwa and nep-dev
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Forthcoming, Empirical Economics

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Journal Article: New evidence on the convergence of international income from a group of 29 countries (2007)
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