Sectoral GDP Convergence of Selected RCEP Countries: Lead or Lags?

• Main Authors: Dyg Affizzah, Awang Marikan, Md Mahbubur, Rahman, Nor Afiza, Abu Bakar, Mohammad Affendy, Arip
• Format: E-Article
• Language: English
• Published: UNIMAS Publisher 2017
• Subjects: HB Economic Theory
• Online Access: http://ir.unimas.my/id/eprint/19240/7/SECTORAL%20GDP%20CONVERGENCE%20OF%20SELECTED%20RCEP%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/19240/; http://www.ijbs.unimas.my/

The study investigates sectoral value added convergence in selected RCEP countries by applying the non-linear time-varying coefficients factor model suggested by Phillips and Sul (2007a) over the period of 1987-2015. Structural convergence occurs, if income convergence progress is associated with se...