Is There Enough Evidence Against Absolute Convergence?

Romulo Chumacero

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: This paper analyzes whether or not the econometric methods usually applied to test for absolute convergence have provided this hypothesis a fair. I show that traditional (absolute and conditional) convergence tests are not consistent with even the simplest model that displays convergence. Furthermore, claims of divergence on the grounds of bimodalities in the distribution of GDP per capita can be made consistent with models in which neither divergence nor twin peaks are present in the long run.

Date: 2002-08
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:176

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