TESTING OF REAL CONVERGENCE IN GERMANY IN THE PRESENCE OF STRUCTURAL BREAKS

In this short article we examine the real convergence hypothesis in Germany with respect to the US by means of fractional integration. Using a parametric procedure due to Robinson (1994), the results show that real convergence is only achieved in this country if we take into account the presence of a structural break at World War II. The same evidence is found in other countries (like Japan, the UK and Canada) when this break is considered.

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Year of publication:	2005
Authors:	GIL-ALANA, L. A.
Published in:	The Singapore Economic Review (SER). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-6837. - Vol. 50.2005, 01, p. 93-101
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	Real convergence \| fractional integration \| structural breaks

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

Persistent link: https://www.econbiz.de/10005047188