Time series test of nonlinear convergence and transitional dynamics

Chong, Terence Tai-Leung and Hinich, Melvin J. and Liew, Venus Khim-Sen and Lim, Kian-Ping (2008) Time series test of nonlinear convergence and transitional dynamics. Economics Letters, 100 (3). pp. 337-339. ISSN 0165-1765

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Abstract

This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et al. [Kapetanios, G., Shin, Y. and A. Snell, 2003. Testing for a unit root in the nonlinear STAR framework. Journal of Econometrics 112, 359–379.]. Out of the 12 OECD income gaps in which nonlinearity has been detected, two cases of long-run converging and four cases of catching up are found.

Item Type: Article
Uncontrolled Keywords: OECDLong-run convergenceCatching upNonlinear unit root test, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Gani
Date Deposited: 02 Aug 2019 03:53
Last Modified: 06 May 2020 07:24
URI: http://ir.unimas.my/id/eprint/26249

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