Segmented stochastic convergence across the G-7 countries

Cellini, Roberto ; Scorcu, Antonello (1998) Segmented stochastic convergence across the G-7 countries. Bologna: Dipartimento di Scienze economiche DSE, p. 10. DOI 10.6092/unibo/amsacta/4996. In: Quaderni - Working Paper DSE (312). ISSN 2282-6483.
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Abstract

This paper analyzes the stochastic convergence in per capita income levels among the current G-7 over the period 1900-89. We show that, in the presence of possible structural breaks, the strong condition of stationary pair-wise differences between per capita GDP holds in many more cases than generally supposed. However, it occurs more frequently in the first part of the time sample than in the second one.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Cellini, Roberto
Scorcu, Antonello
Keywords
Cointegration, Structural break, Stochastic convergence.
Subjects
ISSN
2282-6483
DOI
Deposit date
05 Apr 2016 09:06
Last modified
05 May 2016 12:30
URI

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