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Giovanni Caggiano
;
Leone Leonida

international output convergence: evidence from an autocorrelation function approach (replication data)

This paper uses an autocorrelation function (ACF) approach to develop a new testing procedure for international output convergence. We define convergence in terms of sample ACFs of detrended output per capita, and construct an inference set-up based on resampling and subsampling techniques for dependent data. Using per capita GDP for 15 OECD countries observed over a century, we find that the hypothesis of conditional convergence is unsupported; that, the USA apart, the linearized neoclassical growth model fails to replicate the transitional dynamics of OECD economies; and that these economies do not behave like a club.

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Suggested Citation

Caggiano, Giovanni; Leonida, Leone (2009): International output convergence: evidence from an autocorrelation function approach (replication data). Version: 1. Journal of Applied Econometrics. Dataset. http://dx.doi.org/10.15456/jae.2022319.1304674969