Article ID Journal Published Year Pages File Type
5060458 Economics Letters 2011 4 Pages PDF
Abstract
► Common shocks from global events impacted most Asian countries. ► Asian catchup rates are stationary with structural breaks, cross-sectional dependence. ► Non-rejection of stationarity provides evidence for stochastic convergence.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Stochastic convergence of the catch-up rate and multiple structural breaks in Asian countries
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