Das, Samarjit; Pal, Ajoy; Chakrabarty, Manisha - In: Journal of Economics and Econometrics 55 (2012) 3, pp. 46-77
-sectional dependence. We then argue that these tests can be used as a test for absolute convergence assuming that conditional convergence … absolute convergence for the EU and OECD group of countries using both per-capita income and growth rate of per-capita income … robust to cross-sectional dependence, absolute convergence is evidenced only for the EU group of countries. …