Convergence across industrialised countries : 1890-1989: new results using time series methods

Detalhes bibliográficos
Autor(a) principal: St. Aubyn, Miguel
Data de Publicação: 1996
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/22681
Resumo: Augmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head for 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were higher after the war and that speeds of convergence are different across countries. The Kalman filter method dismissed the no convergence hypothesis more often than its ADF counterpart. This could explain the apparent contradiction in earlier empirical work on similar data sets (cross-section methods tended to favour convergence while time series methods could not dismiss no convergence).
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spelling Convergence across industrialised countries : 1890-1989: new results using time series methodsEconomic HistoryIndustrialised CountriesKalman FilterStatistical MethodsFranceGermanyUSAAugmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head for 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were higher after the war and that speeds of convergence are different across countries. The Kalman filter method dismissed the no convergence hypothesis more often than its ADF counterpart. This could explain the apparent contradiction in earlier empirical work on similar data sets (cross-section methods tended to favour convergence while time series methods could not dismiss no convergence).ISEG - Departamento de EconomiaRepositório da Universidade de LisboaSt. Aubyn, Miguel2021-12-10T09:25:13Z19961996-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/22681engSt. Aubyn, Miguel. 1996. "Convergence across industrialised countries : 1890-1989: new results using time series methods". Instituto Superior de Economia e Gestão - DE Working papers nº 2 -1996/DEinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:14Zoai:www.repository.utl.pt:10400.5/22681Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:07:02.859224Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Convergence across industrialised countries : 1890-1989: new results using time series methods
title Convergence across industrialised countries : 1890-1989: new results using time series methods
spellingShingle Convergence across industrialised countries : 1890-1989: new results using time series methods
St. Aubyn, Miguel
Economic History
Industrialised Countries
Kalman Filter
Statistical Methods
France
Germany
USA
title_short Convergence across industrialised countries : 1890-1989: new results using time series methods
title_full Convergence across industrialised countries : 1890-1989: new results using time series methods
title_fullStr Convergence across industrialised countries : 1890-1989: new results using time series methods
title_full_unstemmed Convergence across industrialised countries : 1890-1989: new results using time series methods
title_sort Convergence across industrialised countries : 1890-1989: new results using time series methods
author St. Aubyn, Miguel
author_facet St. Aubyn, Miguel
author_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv St. Aubyn, Miguel
dc.subject.por.fl_str_mv Economic History
Industrialised Countries
Kalman Filter
Statistical Methods
France
Germany
USA
topic Economic History
Industrialised Countries
Kalman Filter
Statistical Methods
France
Germany
USA
description Augmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head for 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were higher after the war and that speeds of convergence are different across countries. The Kalman filter method dismissed the no convergence hypothesis more often than its ADF counterpart. This could explain the apparent contradiction in earlier empirical work on similar data sets (cross-section methods tended to favour convergence while time series methods could not dismiss no convergence).
publishDate 1996
dc.date.none.fl_str_mv 1996
1996-01-01T00:00:00Z
2021-12-10T09:25:13Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/22681
url http://hdl.handle.net/10400.5/22681
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv St. Aubyn, Miguel. 1996. "Convergence across industrialised countries : 1890-1989: new results using time series methods". Instituto Superior de Economia e Gestão - DE Working papers nº 2 -1996/DE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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