Mapa, Dennis S.; Sandoval, Monica Flerida B.; Yap, … - Philippine Institute for Development Studies (PIDS), … - 2013
This paper investigates the presence of stochastic and dynamic convergence in the 14 regional economies in the … convergence, which indicates convergence of the regional per capita incomes in the long run, is tested using the Levin, Lin, and … Chu (LLC) and Im, Pesaran, and Shin (IPS) panel unit root tests. The presence of convergence, on one hand, indicates that …