摘要
Cross-country output convergence is re-examined using a flexible concept of unit roots. While the presence of a constant unit root in output-differences implies nonconvergence, the presence of a stochastic unit root on the contrary implies convergence. Using the output-differences between the USA and the other 14 OECD countries, we find output divergence only for the USA/UK and USA/Sweden country-pairs.
原文 | ???core.languages.en_GB??? |
---|---|
頁(從 - 到) | 75-77 |
頁數 | 3 |
期刊 | Applied Economics Letters |
卷 | 14 |
發行號 | 1 |
DOIs | |
出版狀態 | 已出版 - 20 1月 2007 |