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Testing for Convergence: Evidence from Non-parametric Multimodality Tests

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  • Bianchi, Marco

Abstract

In this paper, the authors test the convergence hypothesis in a cross-section of 119 countries by means of bootstrap multimodality tests and non parametric density estimation techniques. By looking at the density distribution of GDP across countries in 1970, 1980 and 1989, we find low mobility patterns of intra-distribution dynamics and increasing evidence for bimodality. The findings stand in sharp contrast with the convergence prediction. (c) 1997 John Wiley & Sons, Ltd.-

Suggested Citation

  • Bianchi, Marco, 1997. "Testing for Convergence: Evidence from Non-parametric Multimodality Tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 12(4), pages 393-409, July-Aug..
    • Handle: RePEc:jae:japmet:v:12:y:1997:i:4:p:393-409
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