Income Divergence? Evidence of Non-linearity in the East Asian Economies
This study examines the issue of income convergence in the East-Asian economies from the non-linear point of view. It is shown in this study that the income gaps between Japan and the rest of the East-Asian economies exhibit nonlinearities. It is further shown that after taking non-linearity into consideration, China, Indonesia, Malaysia, Thailand and the Philippines exhibit divergence behaviour with respect to Japan's income, whereas Hong Kong, Korea, Taiwan and Singapore show otherwise.
Volume (Year): 15 (2005)
Issue (Month): 1 ()
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