Testing convergence in economic growth for OECD countries

C-Tier
Journal: Applied Economics
Year: 2002
Volume: 34
Issue: 16
Pages: 2011-2022

Authors (2)

S. Nahar (not in RePEc) B. Inder (Monash University)

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

This article explores tests for absolute convergence in economic activity among a set of countries. It proposes a new test procedure that allows the researcher to identify particular countries within the group, which might not be converging. It also proposes that convergence among a set of similar countries is better thought of as movement toward a group leader, rather than movement towards a group mean. Applying the new procedure to 22 OECD countries it finds strong evidence for absolute convergence for the vast majority of countries towards their common steady state level. This article also points out why using standard unit root or cointegration tests with Bernard and Durlauf's definition of convergence is inappropriate.

Technical Details

RePEc Handle
repec:taf:applec:v:34:y:2002:i:16:p:2011-2022
Journal Field
General
Author Count
2
Added to Database
2026-01-25