Income Convergence : Fresh Evidence from the Nordic Countries

Using the recently developed linearity test and nonlinear unit root test, this study shows that the income gaps of Finland, Norway, and Sweden with respect to Denmark are nonlinear but stationary with no significant trend effect, implying the Nordic countries have already attained steady state of in...

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Bibliographic Details
Main Authors:	Liew, Venus Khim-Sen, Ahmad, Yusuf
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Macroeconomics: Production E230 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
Online Access:	http://hdl.handle.net/10986/4691

id	okr-10986-4691
recordtype	oai_dc
spelling	okr-10986-46912021-04-23T14:02:19Z Income Convergence : Fresh Evidence from the Nordic Countries Liew, Venus Khim-Sen Ahmad, Yusuf Macroeconomics: Production E230 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Using the recently developed linearity test and nonlinear unit root test, this study shows that the income gaps of Finland, Norway, and Sweden with respect to Denmark are nonlinear but stationary with no significant trend effect, implying the Nordic countries have already attained steady state of income equality, a state beyond catching up as identified earlier in Oxley and Gresley (1999). This fresh evidence strengthens the finding of Nordic Convergence Club by these authors. 2012-03-30T07:29:16Z 2012-03-30T07:29:16Z 2009 Journal Article Applied Economics Letters 13504851 http://hdl.handle.net/10986/4691 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Norway Finland Denmark Sweden
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Macroeconomics: Production E230 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
spellingShingle	Macroeconomics: Production E230 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Liew, Venus Khim-Sen Ahmad, Yusuf Income Convergence : Fresh Evidence from the Nordic Countries
geographic_facet	Norway Finland Denmark Sweden
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Using the recently developed linearity test and nonlinear unit root test, this study shows that the income gaps of Finland, Norway, and Sweden with respect to Denmark are nonlinear but stationary with no significant trend effect, implying the Nordic countries have already attained steady state of income equality, a state beyond catching up as identified earlier in Oxley and Gresley (1999). This fresh evidence strengthens the finding of Nordic Convergence Club by these authors.
format	Journal Article
author	Liew, Venus Khim-Sen Ahmad, Yusuf
author_facet	Liew, Venus Khim-Sen Ahmad, Yusuf
author_sort	Liew, Venus Khim-Sen
title	Income Convergence : Fresh Evidence from the Nordic Countries
title_short	Income Convergence : Fresh Evidence from the Nordic Countries
title_full	Income Convergence : Fresh Evidence from the Nordic Countries
title_fullStr	Income Convergence : Fresh Evidence from the Nordic Countries
title_full_unstemmed	Income Convergence : Fresh Evidence from the Nordic Countries
title_sort	income convergence : fresh evidence from the nordic countries
publishDate	2012
url	http://hdl.handle.net/10986/4691
_version_	1764392417445806080

Income Convergence : Fresh Evidence from the Nordic Countries

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