Real Convergence in Some OECD Countries
AbstractThe purpose of this letter is to re-examine the convergence hypothesis for 21 OECD countries during the period of 1950-2008. Our nonlinear unit root procedures are able to reject the existence of a unit root in both the de-meaned output and the output gap series from USA series for 21 OECD countries, wheraes the linear ADF test fails to do so, providing some supportive evidence of nonlinear convergence in the outputs.
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Bibliographic InfoPaper provided by Hacettepe University, Department of Economics in its series Hacettepe University Department of Economics Working Papers with number 20121.
Length: 13 pages
Date of creation: 2012
Date of revision:
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Postal: Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Economics, Ankara, Turkey
Phone: 0090 312 297 8652
Fax: (312) 299 2003
Web page: http://www.iktisat.hacettepe.edu.tr
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