Aubyn, Miguel S. - In: Empirical Economics 24 (1999) 1, pp. 23-44
Augmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head to 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were...