Time series test of nonlinear convergence and transitional dynamics

Chong, Terence Tai Leung; Hinich, Melvin J.; Liew, Venus Khim−Sen; Lim, Kian−Ping

doi:10.1016/j.econlet.2008.02.025

Cited by 43 publications

(27 citation statements)

References 9 publications

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“…The study is an extension of a previous study by Chong et al (2008) hereafter CHLL within a nonlinear framework but without incorporating structural breaks. Whereas CHLL (2008) find evidence of convergence for only four countries, KR using nonlinear LM test and in the presence of structural breaks find evidence of convergence for ten countries, which is more than double the number obtained under CHLL.…”

Section: Introductionmentioning

confidence: 89%

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Nonlinear Income Convergence and Structural Breaks: Further Empirical Evidence

Nyong¹,

Omobitan²

2013

IJEF

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In this paper we reexamined the study done in King and Ramlogan-Dobson (2011) as well as Chong et al. (2008) by investigating the nonlinear convergence among the G16 countries using alternative methodology. We find that the results are sensitive to the method of analysis even after allowing for structural breaks. With semi-parametric model only six (6) cases of convergence were identified and eight (8)

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Section: Introductionmentioning

confidence: 89%

“…

AbstractIn this paper we reexamined the study done in King and Ramlogan-Dobson (2011) as well as Chong et al (2008) by investigating the nonlinear convergence among the G16 countries using alternative methodology. We find that the results are sensitive to the method of analysis even after allowing for structural breaks.

…”

mentioning

confidence: 99%

Nonlinear Income Convergence and Structural Breaks: Further Empirical Evidence

Nyong¹,

Omobitan²

2013

IJEF

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“…Does that mean a reverse in the trend? Unlike other regions in the world, like the OECD, Latin American and Asian countries, where many studies have been considered (Chong et al 2008;Christopoulos and LeonLedesma 2011;Dawson and Sen 2007;Dawson and Strazicich 2010;Islam 2003;Ramlogan-Dobson 2008, 2011), little attention has been paid to African economies, even though it is possibly the poorest region in the world. As far as we know, there are the works of Cunado and Pérez de Gracia (2006) and King and RamloganDobson (2014).…”

mentioning

confidence: 99%

Is Sub-Saharan Africa catching up?

Noguera-Santaella

2016

Empir Econ

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This paper examines the catching-up process of sub-Saharan African countries. For that purpose, it investigates whether sub-Saharan African countries have shown a change in trend in their per capita GDP and whether these countries are closing the gap with developed economies, taking as reference the long-run per capita income growth rate of the USA. To test for changes in the level or in the trend, we use the algorithm developed by Kejriwal and Perron (

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“…Nevertheless, KSS though controlling for an asymmetric speed of mean reversion, do not take into account nonlinearities in the deterministic components. Chong et al (2008), propose a modification of the KSS auxiliary regression by including deterministic trends, which can be linear or quadratic. Recently, Christopoulos and León-Ledesma (2010) have proposed a unit root test that takes into account asymmetric speed of mean reversion, as well as structural changes in the intercept, approximated by means of a Fourier function.…”

Section: Introductionmentioning

confidence: 99%

Smooth transitions, asymmetric adjustment and unit roots

Cuestas

Ordóñez

2014

Applied Economics Letters

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The aim of this paper is to develop a unit root test that takes into account two sources of nonlinearites in data, i.e. asymmetric speed of mean reversion and structural changes. The asymmetric speed of mean reversion is modelled by means of a exponential smooth transition autoregression (ESTAR) function for the autoregressive parameter, whereas structural changes are approximated by a smooth transition in the deterministic components. We find that the proposed test performs well in terms of size and power, in particular when the autoregressive parameter is close to one.J.E.L. Classification : C12, C32.

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Time series test of nonlinear convergence and transitional dynamics

Cited by 43 publications

References 9 publications

Nonlinear Income Convergence and Structural Breaks: Further Empirical Evidence

Nonlinear Income Convergence and Structural Breaks: Further Empirical Evidence

Is Sub-Saharan Africa catching up?

Smooth transitions, asymmetric adjustment and unit roots

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