Time series test of nonlinear convergence and transitional dynamics

• Main Authors: Chong, Terence Tai-Leung, Hinich, Melvin J., Liew, Venus Khim-Sen, Lim, Kian-Ping
• Format: Article
• Language: English
• Published: Elsevier Ltd. 2008
• Subjects: H Social Sciences (General); HC Economic History and Conditions
• Online Access: http://ir.unimas.my/id/eprint/26249/1/Time%20series.pdf; http://ir.unimas.my/id/eprint/26249/; https://www.sciencedirect.com/science/article/pii/S0165176508000554#!

This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et al. [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 non...