Real convergence in some emerging countries: a fractionally integrated approach

Juncal Cuñado (), Luis Gil-Alana and Fernando Pérez de Gracia ()

No 2007034, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This article exanines the real convergence hypothesis in eleven emerging countries by means of fractionally integrated techniques. For this purpose, we examine the order of integration of the real GDP per capita series in Argentina. Brazil, Chile, Colombia, Mexico, Peru, Venezuela, India, Indonesia, Taiwan and South Korea as well as their differences with respect to the US and Japan. We find evidence of smaller degrees of integration in the differenced series only for sorne of the Latin American countries with respect to the US, and for ail the Asian countries with respect to both the US and Japan. However, we only find evidence of real convergence for the cases of Argentina and Chile with respect to the US, and Taiwan with respect to Japan. suggesting thus the possibility of different convergence clubs among both Latin American and Asian countries.

Keywords: Real convergence; Fractional integration (search for similar items in EconPapers)
JEL-codes: C32 O41 (search for similar items in EconPapers)
Pages: 18
Date: 2007-09-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://sites.uclouvain.be/econ/DP/REL/2007034.pdf (application/pdf)

Related works:
Journal Article: Real convergence in some emerging countries: a fractionally integrated approach (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvre:2007034

Access Statistics for this paper

More papers in Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Sebastien SCHILLINGS ().