Testing for output convergence : A re-examination

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

View graph of relations

Author(s)

Detail(s)

Original languageEnglish
Pages (from-to)45-63
Journal / PublicationOxford Economic Papers
Volume56
Issue number1
StatePublished - Jan 2004
Externally publishedYes

Abstract

This paper investigates output convergence for the G7 countries using panel time-series techniques. We consider both the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on which one of the two null hypotheses is considered. Further, the no convergence results reported in previous studies using the time-series definition may be attributed to the low power of the test procedures being used. Our results also highlight some potential problems on interpreting results from some typical panel unit root and stationarity tests.

Citation Format(s)

Testing for output convergence : A re-examination. / Cheung, Yin-Wong; Pascual, Antonio Garcia.

In: Oxford Economic Papers, Vol. 56, No. 1, 01.2004, p. 45-63.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review