Segmented stochastic convergence across the G-7 countries

This paper analyzes the stochastic convergence in per capita income levels among the current G-7 over the period 1900-89. We show that, in the presence of possible structural breaks, the strong condition of stationary pair-wise differences between per capita GDP holds in more cases than previously supposed. However, convergence occurs more frequently in the first part of the time sample than in the second one.

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Year of publication:	2000-08-10
Authors:	Cellini, Roberto ; Scorcu, Antonello E.
Published in:	Empirical Economics. - Department of Economics and Finance Research and Teaching. - Vol. 25.2000, 3, p. 463-474
Publisher:	Department of Economics and Finance Research and Teaching
Subject:	Cointegration \| structural break \| stochastic convergence

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Extent:	application/pdf
Type of publication:	Article
Notes:	received: June 1999 / Final version accepted: Feb. 2000
Classification:	O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005758359