Income convergence: fresh evidence from the Nordic countries

Liew, Venus Khim-Sen and Yusuf, Ahmad (2009) Income convergence: fresh evidence from the Nordic countries. Applied Economics Letters, 16 (12). pp. 1245-1248. ISSN 1350-4851

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Using the recently developed linearity test and nonlinear unit root test, this study shows that the income gaps of Finland, Norway and Sweden with respect to Denmark are nonlinear but stationary with no significant trend effect, implying the Nordic countries have already attained steady state of income equality, a state beyond catching up as identified earlier in Oxley and Gresley (1999). This fresh evidence strengthens the finding of Nordic Convergence Club by these authors.

Item Type: Article
Uncontrolled Keywords: Income convergence, economics, financial, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > HB Economic Theory
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Ab Rahim
Date Deposited: 17 Nov 2017 07:18
Last Modified: 17 Nov 2017 07:18

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