An alternative test to check the validity of convergence results

Webber, D. J. and White, P. (2009) An alternative test to check the validity of convergence results. Applied Economics Letters, 16 (18). pp. 1805-1808. ISSN 1350-4851

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Publisher's URL: http://dx.doi.org/10.1080/13504850701719579

Abstract

This paper presents a simple method for identifying distributional dynamic properties of economies using the ideas of concordance and discordance. It can be employed to examine the strength and validity of the results of other methods. The method has the advantage of comparing distributions at two points without relying on intermediary data between the two time points. We present results that suggest there is more ‘strong-divergence’ than ‘strong-convergence’ in GDP between countries over the time period 1960-2000 although the distribution exhibits both convergent and divergent characteristics.

Item Type:Article
Uncontrolled Keywords:convergence, concordance, income per capita
Faculty/Department:Faculty of Business and Law > Department of Accounting, Economics and Finance
ID Code:15909
Deposited By: Professor D. Webber
Deposited On:03 Nov 2011 09:42
Last Modified:13 Aug 2013 01:19

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