Testing convergence in economic growth for OECD countries

Authors: Nahar S.; Inder B.

Source: Applied Economics, Volume 34, Number 16, 10 November 2002 , pp. 2011-2022(12)

Publisher: Routledge, part of the Taylor & Francis Group

Key:
Free Content - Free Content
New Content - New Content
Subscribed Content - Subscribed Content
Free Trial Content - Free Trial Content

Abstract:

This article explores tests for absolute convergence in economic activity among a set of countries. It proposes a new test procedure that allows the researcher to identify particular countries within the group, which might not be converging. It also proposes that convergence among a set of similar countries is better thought of as movement toward a group leader, rather than movement towards a group mean. Applying the new procedure to 22 OECD countries it finds strong evidence for absolute convergence for the vast majority of countries towards their common steady state level. This article also points out why using standard unit root or cointegration tests with Bernard and Durlauf's definition of convergence is inappropriate.

Document Type: Research article

The full text electronic article is available for purchase. You will be able to download the full text electronic article after payment.

$38.34 plus tax

 

OR

Back to top

Key:
Free Content - Free Content
New Content - New Content
Subscribed Content - Subscribed Content
Free Trial Content - Free Trial Content
Page Help Click here for Page Help
Shopping cart
Tools
Sign in






Need to register?
Sign up here
Text size: A | A | A | A