Liu, Lezheng; Ruiz, Isabel - In: REVISTA ECOS DE ECONOMÍA (2006)
Abstract:In this paper we test the convergence hypothesis by using a revised 4- step procedure of panel unit root test suggested by Evans and Karras (1996). We use data on output for 24 OECD countries over 40 years long. Whether the convergence, if any, is conditional or absolute is also...