TEST OF THE CONVERGENCE HYPOTHESIS ALLOWING FOR CROSS-SECTIONAL DEPENDENCE

A large empirical literature has investigated whether per capita output converges around a common trend across national and regional economies. The methods used in this literature assume no cross‐sectional dependence even though it is likely to be present and might be important in practice. Chang ha...

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Veröffentlicht in:	Pacific economic review (Oxford, England) England), 2011-08, Vol.16 (3), p.302-312
Hauptverfasser:	OH, KEUN-YEOB, EVANS, PAUL
Format:	Artikel
Sprache:	eng
Schlagworte:	Convergence Economic theory Manycountries Studies
Online-Zugang:	Volltext
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