Cheung, Yin-wong; Garcia-Pascual, Antonio - Hong Kong Institute for Monetary Research (HKIMR), … - 2004
This paper investigates output convergence for the G7 countries using panel time-series techniques. We consider both … the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on which … one of the two null hypotheses is considered. Further, the no convergence results reported in previous studies using the …