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Panel Unit‐Root Tests of OECD Stochastic Convergence

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  • Adrian Fleissig
  • Jack Strauss

Abstract

This paper uses three panel unit‐root tests and finds that real per capita GDP for OECD countries and a European subsample converge stochastically for the period 1948–87 but not for the entire sample of 1900–87. For the postwar period, the differential in income gaps or speed of adjustment is eliminated at an annual rate of 4–8% for OECD economies, and 6–9% for European economies.

Suggested Citation

  • Adrian Fleissig & Jack Strauss, 2001. "Panel Unit‐Root Tests of OECD Stochastic Convergence," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 153-162, February.
    • Handle: RePEc:bla:reviec:v:9:y:2001:i:1:p:153-162
    DOI: 10.1111/1467-9396.00270
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    Cited by:

    1. Desli, Evangelia & Gkoulgkoutsika, Alexandra, 2021. "Economic convergence among the world’s top-income economies," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 841-853.
    2. László KÓNYA, 2023. "Per Capita Income Convergence and Divergence of Selected OECD Countries to and from the US: A Reappraisal for the period 1900-2018," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 23(1), pages 33-56.
    3. Georges Harb & Charbel Bassil, 2023. "TFP in the Manufacturing Sector: Long-Term Dynamics, Country and Regional Comparative Analysis," Economies, MDPI, vol. 11(2), pages 1-22, January.

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