Time series test of nonlinear convergence and transitional dynamics

C-Tier

Journal: Economics Letters

Year: 2008

Volume: 100

Issue: 3

Pages: 337-339

Authors (4)

Chong, Terence Tai-Leung (not in RePEc) Hinich, Melvin J. Liew, Venus Khim-Sen (Universiti Malaysia Sarawak) Lim, Kian-Ping (Universiti Malaya)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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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.

Time series test of nonlinear convergence and transitional dynamics

Authors (4)

Abstract

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