Income convergence : fresh evidence from the Nordic countries

Liew, Venus Khim Sen and Yusuf Ahmad, (2009) Income convergence : fresh evidence from the Nordic countries. Applied Economics Letters , 16 (12). pp. 11245-1248. ISSN 1350-4851


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Using the recently developed linearity test and nonlinear unit root test, this study shows that the income gaps of Finland, Norway and Sweden with respect to Denmark are nonlinear but stationary with no significant trend effect, implying the Nordic countries have already attained steady state of income equality, a state beyond catching up as identified earlier in Oxley and Gresley (1999). This fresh evidence strengthens the finding of Nordic Convergence Club by these authors.

Item Type:Article
Uncontrolled Keywords:Business, Economics
Subjects:?? HJ2005-2216 ??
H Social Sciences > HJ Public Finance
Divisions:SCHOOL > Labuan School of International Business and Finance
ID Code:1321
Deposited By:IR Admin
Deposited On:18 Aug 2011 16:04
Last Modified:23 Feb 2015 14:55

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