The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Convergence in international output
Open accessAbstract
This paper proposes and tests new definitions of convergence and common trends for per capita output. We define convergence for a group of countries to mean that each country has identical long‐run trends, either stochastic or deterministic, while common trends allow for proportionality of the stochastic elements. These definitions lead naturally to the use of cointegration techniques in testing. Using century‐long time series for 15 OECD economies, we reject convergence but find substantial evidence for common trends. Smaller samples of European countries also reject convergence but are driven by a lower number of common stochastic trends.
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Citations
Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
STATISTICAL ANALYSIS OF COINTEGRATION VECTORS
Johansen, S. (1988) · Journal of Economic Dynamics and Control · doi:10.1016/0165-1889(88)90041-3 · Cited by 17,027
Cited by
Transition Modeling and Econometric Convergence Tests
Phillips, P. C. B., & Sul, D. (2007) · Econometrica · doi:10.1111/j.1468-0262.2007.00811.x · Cited by 1,451
Meek, W. R., Pacheco, D. F., & York, J. G. (2010) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2009.09.007 · Cited by 558
A pair-wise approach to testing for output and growth convergence
Hashem Pesaran, M. (2007) · Journal of Econometrics · doi:10.1016/j.jeconom.2006.05.024 · Cited by 343
Metadata
- Authors
- Bernard, A. B., & Durlauf, S. N.
- Venue
- Journal of Applied Econometrics
- Publisher
- Wiley
- Published
- 1995-04
- Volume
- 10
- Issue
- 2
- Pages
- 97-108
- ISSN
- 0883-7252 (ISSN-L)
- 1099-1255
- OpenAlex
- W2039795294
- Cited by
- 1,141
- References
- 3
- FWCI
- 48.32
- Type
- journal article
- Language
- en
- Open access
- green
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