Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence

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dc.citation.epage56
dc.citation.issue23
dc.citation.journalAbbreviatedTitleEcos de Economíaeng
dc.citation.journalTitleEcos de Economia: A Latin American journal of applied economicseng
dc.citation.spage37
dc.citation.volume10
dc.contributor.affiliationWestern Michigan University Kalamazoospa
dc.contributor.affiliationUniversidad EAFITspa
dc.contributor.authorLiu, Lezhengspa
dc.contributor.authorRuiz, Isabelspa
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date02/10/2006
dc.date.accessioned2020-01-31T18:42:49Z
dc.date.available2020-01-31T18:42:49Z
dc.date.issued02/10/2006
dc.descriptionIn this paper we test the convergence hypothesis by using a revised 4- step procedure of panel unit root test suggested by Evans and Karras (1996). We use data on output for 24 OECD countries over 40 years long. Whether the convergence, if any, is conditional or absolute is also examined. According to a proposition by Baltagi, Bresson, and Pirotte (2005), we incorporate spatial autoregressive error into a fixedeffect panel model to account for not only the heterogeneous panel structure, but also spatial dependence, which might induce lower statistical power of conventional panel unit root test. Our empirical results indicate that output is converging among OECD countries. However, convergence is characterized as conditional. The results also report a relatively lower convergent speed compared to conventional panel studies.eng
dc.formatapplication/pdf
dc.identifier.issn2462-8107
dc.identifier.issn1657-4253
dc.identifier.urihttp://hdl.handle.net/10784/15558
dc.language.isospa
dc.publisherUniversidad EAFITspa
dc.relation.ispartofEcos de Economía, Vol 10, No 23 (2006)
dc.relation.isversionofhttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988
dc.relation.urihttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988
dc.rightsCopyright (c) 2006 Lezheng Liu, Isabel Ruizeng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.sourceinstname:Universidad EAFIT
dc.sourcereponame:Repositorio Institucional Universidad EAFIT
dc.sourceEcos de Economía, Vol 10, No 23 (2006)spa
dc.subjectO40
dc.subjectC21
dc.subjectC23
dc.subject.keywordConvergence Hypothesiseng
dc.subject.keywordPanel Unit Root Testeng
dc.subject.keywordSpatial Dependenceeng
dc.subject.keywordHipótesis de convergenciaspa
dc.subject.keywordTest de raíces unitarias de panelspa
dc.subject.keyworddependencia espacialspa
dc.titleConvergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependenceeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typepublishedVersioneng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.localArtículospa

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Ecos de Economía, Vol. 10, No. 23 (2006)
Vol 10, No 23 (2006)