Testing the convergence hypothesis for OECD countries: A reappraisal

Arbeitspapier

This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses some limitations of these works. Moreover, the paper tries to deal with these limitations by presenting a new and more appropriate methodology: quantile regressions. The results obtained with this specification support the view that, even among the OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative in every case, is higher in value and more significant as we advance to higher quantiles. These outcomes reveal a faster convergence between the countries that belong to the upper quantiles. Moreover, 1960-1970 is highlighted as the period in which convergence was more intense.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Economics Discussion Papers ; No. 2016-45

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Macroeconomic Analyses of Economic Development
• Thema: convergence ; quantile regression

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gadea Rivas, María Dolores ; Sanz-Villarroya, Isabel
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/147683
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ