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International Output Convergence: Evidence from an AutoCorrelation Function Approach

This paper uses an AutoCorrelation Function approach to develop new tests for international output convergence. Using per capita GDP for 15 OECD countries observed over a century, we find that the hypothesis of conditional convergence is unsupported; that, the United States apart, the linearized neoclassical growth model fails to replicate the transitional dynamics of OECD economies; and that these economies do not behave like a club.

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Paper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2006_20.

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Handle: RePEc:gla:glaewp:2006_20
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