A Nordic convergence club?

Tests of the Convergence Hypothesis, or the tendency for per capita income levels to narrow over time, have generally utilized cross-sectional data from a wide range of disparate coun7 tries and resulted in conflicting evidence. Using modern time series tests we find evidence of a Nordic Convergence Club comprising Sweden, Denmark and Finland. It excludes Norway which overtakes Sweden in the 1970s showing no tendency to reversion.

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Year of publication:	1999
Authors:	Oxley, Les ; Greasley, David
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 6.1999, 3, p. 157-160
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009202555