Panel Unit-Root Tests of OECD Stochastic Convergence.

This paper uses three panel unit-root tests and finds that real per capita GDP for OECD countries and a European subsample converge stochastically for the period 1948-87 but not for the entire sample of 1900-87. For the postwar period, the differential in income gaps or speed of adjustment is eliminated at an annual rate of 4-8% for OECD economies, and 6-9% for European economies. Copyright 2001 by Blackwell Publishing Ltd.

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Year of publication:	2001
Authors:	Fleissig, Adrian ; Strauss, Jack
Published in:	Review of International Economics. - Wiley Blackwell, ISSN 0965-7576. - Vol. 9.2001, 1, p. 153-62
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005695215