Income convergence? Evidence of non-linearity in the East Asian Economies: A comment

Venus Liew and Yusuf Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: This study demonstrates the usefulness of Kapetanois et al. (2003) test in differentiating the two stages of income convergence—long run convergence and catching up. A re-examination of the “Four Asian Dragons” economies, in which their income differentials with respect to Japan have been identified as non-linear stationary in Liew and Lim (2005), reveals that the economy of Hong Kong, Korea and Singapore are catching up, while Taiwan has yet to catch up, with the Japan economy.

Keywords: Income convergence; catching up; long run convergence; East Asia; non-linear unit root test (search for similar items in EconPapers)
JEL-codes: C32 F43 O40 (search for similar items in EconPapers)
Date: 2006-03
New Economics Papers: this item is included in nep-dev, nep-ets and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:519

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