Time series test of nonlinear convergence and transitional dynamics

被引：36

作者：

Chong, Terence Tai-Leung ^{[1
]}

Hinich, Melvin J. ^{[2
]}

Liew, Venus Khim-Sen ^{[3
]}

Lim, Kian-Ping ^{[3
]}

机构：

[1] Chinese Univ Hong Kong, Dept Econ, Hong Kong, Hong Kong, Peoples R China

[2] Univ Texas Austin, Appl Res Labs, Signal & Informat Sci Labs, Austin, TX 78712 USA

[3] Univ Malaysia Sabah, Labuan Sch Int Business & Finance, Kota Kinabalu, Sabah, Malaysia

来源：

ECONOMICS LETTERS | 2008年 / 100卷 / 03期

关键词：

OECD; long-run convergence; catching up; nonlinear unit root test;

D O I：

10.1016/j.econlet.2008.02.025

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et a). [Kapetanios, G., Shin, Y. and A. Snell, 2003. Testing for a unit root in the nonlinear STAR framework. Journal of Econometrics 112, 359-379.]. Out of the 12 OECD income gaps in which nonlinearity has been detected, two cases of long-run converging and four cases of catching up are found. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：337 / 339

页数：3

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