Kong, Jianning; Phillips, Peter C. B.; Sul, Donggyu - In: Essays in honor of Cheng Hsiao, (pp. 25-72). 2020
Measurement of diminishing or divergent cross section dispersion in a panel plays an important role in the assessment of convergence or divergence over time in key economic indicators. Econometric methods, known as weak σ -convergence tests, have recently been developed ( Kong, Phillips, & Sul,...