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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- Park, Donghyun, 2003. "An empirical examination of income convergence in the Asia-Pacific region," Journal of Asian Economics, Elsevier, vol. 14(3), pages 497-502, June.
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