Trend model testing of growth convergence in 15 OECD countries, 1946-1997

• Published in: Applied economics Vol. 34; no. 2; pp. 133 - 142
• Main Author: Linden, Mikael
• Format: Journal Article
• Language: English
• Published: Taylor & Francis Group 01.01.2002; Taylor and Francis Journals
• Series: Applied Economics
• Subjects: Applied economics; Convergence; Data analysis; Economic models; Economics; History; Japan; Model testing; OECD

A framework based on a linear deterministic trend function is introduced in order to model growth convergence. The approach is a practical solution to the nonlinearity and nonstationarity found in the convergence of output-per-capita gaps between the USA and 14 OECD countries in 1946-1997. Convergen...