IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Per Capita Output Convergence : The Dickey-Fuller Test Under the Simultaneous Presence of Stochastic and Deterministic Trends

Listed author(s):
  • Manuel Gomez-Zaldivar
  • Daniel Ventosa-Santaularia

We reconsider previous studies that analyze the convergence hypothesis in a time series framework. In doing so, we first describe two possible outcomes overlooked in this literature, namely loose catching-up and loose lagging-behind, these cases are in-between divergence and catching-up; then, we provide evidence of the proficiency of the Dickey-Fuller (DF) test to identify the new out-comes by means of asymptotic theory as well as Monte Carlo experiments. Finally, in the empirical section we illustrate that the excessive evidence in favor of divergence may be due to lack of attention to the cases loose catching-up and loose lagging-behind.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.jstor.org/stable/41219173
Download Restriction: no

Article provided by GENES in its journal Annals Of Economics and Statistics.

Volume (Year): (2010)
Issue (Month): 99-100 ()
Pages: 429-445

as
in new window

Handle: RePEc:adr:anecst:y:2010:i:99-100:p:429-445
Contact details of provider: Postal:
3, avenue Pierre Larousse, 92245 Malakoff Cedex

Phone: 01.41.17.51.55
Web page: https://annals.ensae.fr/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:2010:i:99-100:p:429-445. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laurent Linnemer)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.