Real Convergence in Some OECD Countries
The purpose of this letter is to re-examine the convergence hypothesis for 21 OECD countries during the period of 1950-2008. Our nonlinear unit root procedures are able to reject the existence of a unit root in both the de-meaned output and the output gap series from USA series for 21 OECD countries, wheraes the linear ADF test fails to do so, providing some supportive evidence of nonlinear convergence in the outputs.
|Date of creation:||2012|
|Contact details of provider:|| Postal: Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Economics, Ankara, Turkey|
Phone: 0090 312 297 8652
Fax: (312) 299 2003
Web page: http://www.iktisat.hacettepe.edu.tr
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