Income convergence: Fresh evidence from the Nordic countries

V., K S Liew and Yusuf Ahmad (2009) Income convergence: Fresh evidence from the Nordic countries. Applied Economics Letters , 16 (12). pp. 1245-1248. 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. © 2009 Taylor & Francis.

Item Type: Article
Uncontrolled Keywords: Convergence, Income distribution, Nonlinearity, Wage gap
Subjects: H Social Sciences > HJ Public Finance > HJ9-9940 Public finance > HJ2005-2216 Income and expenditure. Budget
Divisions: SCHOOL > Labuan School of International Business and Finance
Depositing User: ADMIN ADMIN
Date Deposited: 15 Mar 2011 12:53
Last Modified: 15 Mar 2011 12:53

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