The convergence dynamics of economic freedom across U.S. states

This study tests for convergence in economic freedom across the 50 U.S. states from 1981 to 2019. In particular, we test for stochastic convergence in overall economic freedom using unit root tests that account for structural breaks and bounded processes, two sources of parameter instability. We fin...

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Veröffentlicht in:	Southern economic journal 2023-04, Vol.89 (4), p.1216-1241
Hauptverfasser:	Payne, James E., Saunoris, James W., Nazlioglu, Saban, Karul, Cagin
Format:	Artikel
Sprache:	eng
Schlagworte:	bounded unit roots club convergence Clubs Convergence economic freedom Freedoms Logit analysis stochastic convergence structural breaks Tests weak σ‐convergence
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