ISSN:
1435-8921
Keywords:
Key words: Cointegration
;
structural break
;
stochastic convergence
;
JEL Classification: O41
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract. 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.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s001810000027
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