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Testing convergence in economic growth for OECD countries

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  • S. Nahar
  • B. Inder

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.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 34 (2002)
Issue (Month): 16 ()
Pages: 2011-2022

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Handle: RePEc:taf:applec:v:34:y:2002:i:16:p:2011-2022

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Cited by:
  1. repec:ebl:ecbull:v:3:y:2008:i:18:p:1-11 is not listed on IDEAS
  2. Dormont, Brigitte & Oliveira Martins, Joaquim & Pelgrin, Florian & Suhrcke, Marc, 2010. "Health, Expenditure, Longevity and Growth," Economics Papers from University Paris Dauphine 123456789/7972, Paris Dauphine University.
  3. Galanopoulos, Konstantinos & Lindberg, Emma & Surry, Yves R. & Mattas, Konstadinos, 2006. "Agricultural productivity growth in the Mediterranean and tests of convergence among countries," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10101, European Association of Agricultural Economists.
  4. Montañés, Antonio & Olmos, Lorena, 2013. "Do the Spanish regions converge? A unit root analysis for the HDI of the Spanish regions," MPRA Paper 47633, University Library of Munich, Germany.
  5. Stilianos Alexiadis & Matthias Koch & Tamás Krisztin, 2011. "Time series and spatial interaction: An alternative method to detect converging clusters," ERSA conference papers ersa11p1678, European Regional Science Association.
  6. Bentzen, Jan & Smith, Valdemar, 2003. "Regional income convergence in the Scandinavian countries," Working Papers 03-20, University of Aarhus, Aarhus School of Business, Department of Economics.
  7. Fousekis, Panos, 2007. "Convergence of Relative State-level Per Capita Incomes in the United States Revisited," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2).
  8. Giles, David E.A. & Feng, Hui, 2005. "Output and well-being in industrialized nations in the second half of the 20th century: testing for convergence using fuzzy clustering analysis," Structural Change and Economic Dynamics, Elsevier, vol. 16(2), pages 285-308, June.
  9. Konstantin Gluschenko, 2010. "Price convergence and market integration in Russia," William Davidson Institute Working Papers Series wp999, William Davidson Institute at the University of Michigan.
  10. Jean-Philippe Boussemart & Hervé Leleu, 2008. "Comparing TFP Catching-up and Capital Deepening in US and European Growths: A Directional Distance Function Approach," Working Papers 2008-ECO-01, IESEG School of Management.
  11. Alfredo García-Hiernaux & David E. Guerrero, 2011. "Convergence and Cointegration," Documentos de Trabajo del ICAE 2011-22, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
  12. Bentzen, Jan, 2005. "Testing for catching-up periods in time-series convergence," Economics Letters, Elsevier, vol. 88(3), pages 323-328, September.
  13. Fousekis, Panos, 2009. "Are Food Prices in the EU Converging? Empirical Evidence from the Log t Test," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 62(4), pages 407-423.
  14. Panos Fousekis, 2008. "Price Convergence in the EU Poultry and Eggs Markets," Economics Bulletin, AccessEcon, vol. 3(18), pages 1-11.
  15. Magrini, Stefano, 2004. "Regional (di)convergence," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 62, pages 2741-2796 Elsevier.
  16. Arnade, Carlos A. & Jones, Keithly G., 2004. "A Method For Comparison Of The Efficiency Of Countries With Distinct Technologies," 2004 Annual meeting, August 1-4, Denver, CO 20009, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  17. Robinson, Terry, 2007. "Have European gas prices converged?," Energy Policy, Elsevier, vol. 35(4), pages 2347-2351, April.

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