Empirical evidence on real convergence in some OECD countries

The real convergence hypothesis in Australia, Canada, Japan and the UK is examined. For this purpose, the order of integration of the real GDP per capita series in these countries is examined as well as their differences with respect to the US which is used as a benchmark country. Both parametric and semiparametric methods are used and the results show that convergence is achieved in all countries, especially for the cases of Australia and Canada.