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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Abstract
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 |
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| Keyword: | Business, Economics |
| Subjects: | H Social Sciences > HJ Public Finance > HJ9-9940 Public finance > HJ2005-2216 Income and expenditure. Budget H Social Sciences > HJ Public Finance |
| Department: | SCHOOL > Labuan School of International Business and Finance |
| Depositing User: | ADMIN ADMIN |
| Date Deposited: | 18 Aug 2011 16:04 |
| Last Modified: | 19 Oct 2017 10:25 |
| URI: | https://eprints.ums.edu.my/id/eprint/1321 |
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