Jump to ContentJump to Main Navigation

Studies in Nonlinear Dynamics & Econometrics

Ed. by Mizrach, Bruce

5 Issues per year


IMPACT FACTOR 2014: 0.185
5-year IMPACT FACTOR: 0.344

SCImago Journal Rank (SJR) 2014: 0.217
Source Normalized Impact per Paper (SNIP) 2014: 0.377
Impact per Publication (IPP) 2014: 0.270

Mathematical Citation Quotient (MCQ) 2014: 0.01

VolumeIssuePage

Issues

On the Power of Absolute Convergence Tests

Rómulo A. Chumacero1

1Central Bank of Chile and University of Chile,

Citation Information: Studies in Nonlinear Dynamics & Econometrics. Volume 10, Issue 2, ISSN (Online) 1558-3708, DOI: 10.2202/1558-3708.1237, May 2006

Publication History

Published Online:
2006-05-07

This article offers supplementary material which is provided at the end of the article.

This paper analyzes whether or not the econometric methods usually applied to test for absolute convergence have provided this hypothesis a "fair" chance. I show that traditional (absolute and conditional) convergence tests are not consistent with even the simplest model that displays convergence. Furthermore, claims of divergence on the grounds of bimodalities in the distribution of GDP per capita can be made consistent with models in which neither divergence nor twin peaks are present in the long run.

Supplementary Article Materials

Comments (0)

Please log in or register to comment.