Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence
In 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...
- Autores:
-
Liu, Lezheng
Ruiz, Isabel
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/15558
- Acceso en línea:
- http://hdl.handle.net/10784/15558
- Palabra clave:
- O40
C21
C23
Convergence Hypothesis
Panel Unit Root Test
Spatial Dependence
Hipótesis de convergencia
Test de raíces unitarias de panel
dependencia espacial
- Rights
- License
- Copyright (c) 2006 Lezheng Liu, Isabel Ruiz
| id |
REPOEAFIT2_b241a466be5bdc7f05158e2eb7b3e4d0 |
|---|---|
| oai_identifier_str |
oai:repository.eafit.edu.co:10784/15558 |
| network_acronym_str |
REPOEAFIT2 |
| network_name_str |
Repositorio EAFIT |
| repository_id_str |
|
| spelling |
Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees02/10/20062020-01-31T18:42:49Z02/10/20062020-01-31T18:42:49Z2462-81071657-4253http://hdl.handle.net/10784/15558In 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.application/pdfspaUniversidad EAFITEcos de Economía, Vol 10, No 23 (2006)http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988Copyright (c) 2006 Lezheng Liu, Isabel RuizAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía, Vol 10, No 23 (2006)O40C21C23Convergence HypothesisPanel Unit Root TestSpatial DependenceHipótesis de convergenciaTest de raíces unitarias de paneldependencia espacialConvergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependencearticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Liu, LezhengRuiz, IsabelWestern Michigan University KalamazooUniversidad EAFITEcos de Economia: A Latin American journal of applied economics10233756Ecos de EconomíaORIGINALdocument - 2020-03-12T225414.837.pdfdocument - 2020-03-12T225414.837.pdfTexto completo PDFapplication/pdf232466https://repository.eafit.edu.co/bitstreams/f0719fed-0fdd-4c79-bafb-be6e295d0593/downloadee5344c80d5a8c6e3f88d3515cd77582MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html377https://repository.eafit.edu.co/bitstreams/53629c25-ae0d-4de7-af88-b0f335a6461f/download3f070e46800b1af066ead4288fce561dMD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/79729b3a-2f0f-4eca-a4b6-d2b6020e45ba/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/15558oai:repository.eafit.edu.co:10784/155582020-03-19 10:20:58.292open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co |
| dc.title.eng.fl_str_mv |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| title |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| spellingShingle |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence O40 C21 C23 Convergence Hypothesis Panel Unit Root Test Spatial Dependence Hipótesis de convergencia Test de raíces unitarias de panel dependencia espacial |
| title_short |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| title_full |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| title_fullStr |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| title_full_unstemmed |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| title_sort |
Convergence Hypothesis: Evidence from Panel Unit Root Test with Spatial Dependence |
| dc.creator.fl_str_mv |
Liu, Lezheng Ruiz, Isabel |
| dc.contributor.author.spa.fl_str_mv |
Liu, Lezheng Ruiz, Isabel |
| dc.contributor.affiliation.spa.fl_str_mv |
Western Michigan University Kalamazoo Universidad EAFIT |
| dc.subject.none.fl_str_mv |
O40 C21 C23 |
| topic |
O40 C21 C23 Convergence Hypothesis Panel Unit Root Test Spatial Dependence Hipótesis de convergencia Test de raíces unitarias de panel dependencia espacial |
| dc.subject.keyword.eng.fl_str_mv |
Convergence Hypothesis Panel Unit Root Test Spatial Dependence |
| dc.subject.keyword.spa.fl_str_mv |
Hipótesis de convergencia Test de raíces unitarias de panel dependencia espacial |
| description |
In 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. |
| publishDate |
2020 |
| dc.date.issued.none.fl_str_mv |
02/10/2006 |
| dc.date.available.none.fl_str_mv |
2020-01-31T18:42:49Z |
| dc.date.accessioned.none.fl_str_mv |
2020-01-31T18:42:49Z |
| dc.date.none.fl_str_mv |
02/10/2006 |
| dc.type.eng.fl_str_mv |
article info:eu-repo/semantics/article publishedVersion info:eu-repo/semantics/publishedVersion |
| dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.type.local.spa.fl_str_mv |
Artículo |
| status_str |
publishedVersion |
| dc.identifier.issn.none.fl_str_mv |
2462-8107 1657-4253 |
| dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/10784/15558 |
| identifier_str_mv |
2462-8107 1657-4253 |
| url |
http://hdl.handle.net/10784/15558 |
| dc.language.iso.none.fl_str_mv |
spa |
| language |
spa |
| dc.relation.ispartof.none.fl_str_mv |
Ecos de Economía, Vol 10, No 23 (2006) |
| dc.relation.isversionof.none.fl_str_mv |
http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988 |
| dc.relation.uri.none.fl_str_mv |
http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1979/1988 |
| dc.rights.eng.fl_str_mv |
Copyright (c) 2006 Lezheng Liu, Isabel Ruiz |
| dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
| dc.rights.local.spa.fl_str_mv |
Acceso abierto |
| rights_invalid_str_mv |
Copyright (c) 2006 Lezheng Liu, Isabel Ruiz Acceso abierto http://purl.org/coar/access_right/c_abf2 |
| dc.format.none.fl_str_mv |
application/pdf |
| dc.coverage.spatial.eng.fl_str_mv |
Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees |
| dc.publisher.spa.fl_str_mv |
Universidad EAFIT |
| dc.source.none.fl_str_mv |
instname:Universidad EAFIT reponame:Repositorio Institucional Universidad EAFIT |
| dc.source.spa.fl_str_mv |
Ecos de Economía, Vol 10, No 23 (2006) |
| instname_str |
Universidad EAFIT |
| institution |
Universidad EAFIT |
| reponame_str |
Repositorio Institucional Universidad EAFIT |
| collection |
Repositorio Institucional Universidad EAFIT |
| bitstream.url.fl_str_mv |
https://repository.eafit.edu.co/bitstreams/f0719fed-0fdd-4c79-bafb-be6e295d0593/download https://repository.eafit.edu.co/bitstreams/53629c25-ae0d-4de7-af88-b0f335a6461f/download https://repository.eafit.edu.co/bitstreams/79729b3a-2f0f-4eca-a4b6-d2b6020e45ba/download |
| bitstream.checksum.fl_str_mv |
ee5344c80d5a8c6e3f88d3515cd77582 3f070e46800b1af066ead4288fce561d 9b15d674b076c1793a0bc25cebb1bcef |
| bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 |
| repository.name.fl_str_mv |
Repositorio Institucional Universidad EAFIT |
| repository.mail.fl_str_mv |
repositorio@eafit.edu.co |
| _version_ |
1814110253225082880 |