Time series test of nonlinear convergence and transitional dynamics

Tai, Terence Leung Chong and Hinich, Melvin J. and Khim, Venus Sen Liew and Lim, Kian Ping (2008) Time series test of nonlinear convergence and transitional dynamics. Economics Letters, 100 (3). pp. 337-339. ISSN 0165-1765

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Abstract

This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et al. [Kapetanios, G., Shin, Y. and A. Snell, 2003. Testing for a unit root in the nonlinear STAR framework. Journal of Econometrics 112, 359-379.]. Out of the 12 OECD income gaps in which nonlinearity has been detected, two cases of long-run converging and four cases of catching up are found. © 2008 Elsevier B.V. All rights reserved.

Item Type: Article
Uncontrolled Keywords: Catching up, Long-run convergence, Nonlinear unit root test, OECD
Subjects: H Social Sciences > HB Economic Theory
Divisions: SCHOOL > Labuan School of International Business and Finance
Depositing User: Unnamed user with email storage.bpmlib@ums.edu.my
Date Deposited: 01 Apr 2011 08:59
Last Modified: 13 Oct 2017 03:36
URI: http://eprints.ums.edu.my/id/eprint/2658

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