Time-series output convergence tests and stationary covariates

We present time-series evidence on output convergence for 14 OECD countries allowing for time-varying determinants of transitional dynamics. We develop a simple theoretical model and test for non-stationarity in relative outputs using stationary covariates finding strong support for convergence.

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Year of publication:	2008
Authors:	Christopoulos, Dimitris K. ; León-Ledesma, Miguel A.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 3, p. 297-299
Publisher:	Elsevier
Keywords:	Time-series convergence Stationary covariates Unit roots

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

Persistent link: https://www.econbiz.de/10005270022