Costantini, Mauro; Lupi, Claudio - In: Economics Bulletin 3 (2005) 38, pp. 1-17
The aim of this paper is to test the stochastic convergence in real per capita GDP for 15 European countries using non-stationary panel data approaches over the period 1950-2003. Cross-sectional dependence is assumed due to the existence of strong linkages among European economies. However,...
