Caggiano, Giovanni; Leonida, Leone - In: Journal of Applied Econometrics 24 (2009) 1, pp. 139-162
This paper uses an autocorrelation function (ACF) approach to develop a new testing procedure for international output convergence. We define convergence in terms of sample ACFs of detrended output per capita, and construct an inference set-up based on resampling and subsampling techniques for...