Cheung, Yin-wong; Garcia-Pascual, Antonio - Hong Kong Institute for Monetary Research (HKIMR), … - 2004
This paper investigates output convergence for the G7 countries using panel time-series techniques. We consider both the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on which one of the two null hypotheses is considered. Further, the...