Testing stochastic income convergence in seasonal heterogeneous panels

C-Tier
Journal: Economic Modeling
Year: 2010
Volume: 27
Issue: 1
Pages: 422-431

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

In this paper we introduce a seasonal version of the Solow-Swan growth model and acquire an empirical income convergence equation. We take this equation as a basis to investigate whether income convergence exists in an OECD sample. To do this, we propose the test statistics under various asymptotic properties for some of the seasonal frequencies in the context of nonstationary heterogeneous panels. Critical values and moments of our statistics are generated and their finite sample performances are examined via Monte Carlo simulations.

Technical Details

RePEc Handle
repec:eee:ecmode:v:27:y:2010:i:1:p:422-431
Journal Field
General
Author Count
2
Added to Database
2026-01-25