An alternative test to check the validity of convergence results
This article presents a simple method for identifying distributional dynamic properties of economies using the ideas of concordance and discordance. It can be employed to examine the strength and validity of the results of other methods. The method has the advantage of comparing distributions at two points without relying on intermediary data between the two time points. We present results that suggest there is more 'strong-divergence' than 'strong-convergence' in GDP between countries over the time period 1960 to 2000 although the distribution exhibits both convergent and divergent characteristics.
Year of publication: |
2009
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Authors: | Webber, Don ; White, Paul |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 18, p. 1825-1829
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Publisher: |
Taylor & Francis Journals |
Saved in:
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