Time-series tests of income convergence with two structural breaks: evidence from 29 countries
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Mark Strazicich Ph.D., Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: This article uses data on real per capita incomes from 1900 to 2001 to test for
stochastic convergence in a diverse group of 29 countries. We utilize LM
unit root tests to endogenously determine the number and location of
structural breaks for each country. These tests avoid spurious rejections
that can occur in Dickey–Fuller-type endogenous break tests used in many
previous studies. We find significant evidence that incomes are
stochastically converging in 23 of the countries, with World War II most
often identified as the time period of structural breaks.
Time-series tests of income convergence with two structural breaks: evidence from 29 countries
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Additional Information
- Publication
- Dawson. J.W. & Strazicich, M.C. (2010). Time-series tests of income convergence with two structural breaks: evidence from 29 countries, Applied Economics Letters, 17(9): 909-912 (June 2010). Published by Taylor & Francis (ISSN: 1350-4851). DOI: 10.1080/13504850802584807.
- Language: English
- Date: 2010