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Chong, Terence Tai-Leung; Hinich, Melvin J.; Liew, Venus Khim-Sen; Lim, Kian-Ping
Economics letters, 09/2008, Letnik: 100, Številka: 3Journal Article
This paper revisits the income convergence hypothesis by using the nonlinear unit root test of Kapetanios et al. Kapetanios, G., Shin, Y. and A. Snell, 2003. Testing for a unit root in the nonlinear STAR framework. Journal of Econometrics 112, 359–379.. Out of the 12 OECD income gaps in which nonlinearity has been detected, two cases of long-run converging and four cases of catching up are found.
