Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/156479
Authors: 
Gadea Rivas, Maria Dolores
Sanz Villarroya, Isabel
Year of Publication: 
2017
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 11 [Issue:] 2017-4 [Pages:] 1-22
Abstract: 
This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses some limitations of these studies. 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.
Subjects: 
convergence
quantile regression
JEL: 
C32
O11
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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