Nonlinear time-series convergence: The role of structural breaks
(2010)
Journal Article
King, A., & Ramlogan-Dobson, C. (2011). Nonlinear time-series convergence: The role of structural breaks. Economics letters, 110(3), 238-240. https://doi.org/10.1016/j.econlet.2010.12.001
Chong et al. (2008) found only limited support for the income convergence hypothesis among 15 OECD nations using a nonlinear unit root test. We find considerably greater evidence of convergence by allowing for breaks in the test's time trend. © 2010... Read More about Nonlinear time-series convergence: The role of structural breaks.