Convergence Clubs: Some Further Evidence
AbstractThis paper investigates convergence patterns among 113 market economies. Incorporating different grouping methods, both ADF (augmented Dicke-Fuller) tests and KPSS (Kwiatkowski, Phillips, Schmidt, Shin) tests are used to examine whether countries converge to the group average. The test results support the finding of a "convergence club," and specifically, that the highest income countries converge and the lowest income countries diverge. Copyright 1999 by Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of International Economics.
Volume (Year): 7 (1999)
Issue (Month): 1 (February)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576
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- Rita De Siano & Marcella D'Uva, 2006. "Is There A Club Convergence Among Italian Regions?," Working Papers 1_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Bimonte, Salvatore, 2009. "Growth and environmental quality: Testing the double convergence hypothesis," Ecological Economics, Elsevier, vol. 68(8-9), pages 2406-2411, June.
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- Don Webber & Paul White, 2003. "Regional Factor Price Convergence Across Four Major European Countries," Regional Studies, Taylor & Francis Journals, vol. 37(8), pages 773-782.
- Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
- De Siano, Rita & D'Uva, Marcella, 2009. "Regional convergence in Italy: time series approaches," MPRA Paper 20397, University Library of Munich, Germany.
- repec:ebl:ecbull:v:18:y:2007:i:1:p:1-7 is not listed on IDEAS
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