Nonlinear time-series convergence: The role of structural breaks

Chong et al. (2008) found only limited support for the income convergence hypothesis among 15 OECD nations using a nonlinear unit root test. We find considerably greater evidence of convergence by allowing for breaks in the test's time trend.

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Year of publication:	2011
Authors:	King, Alan ; Ramlogan-Dobson, Carlyn
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 238-240
Publisher:	Elsevier
Keywords:	Income convergence Nonlinear mean-reversion Structural breaks

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008867052