Abstract
Time-varying parameter techniques are commonly used to examine whether convergence in income has been a stable process. This article incorporates additional local features to a model studying 14 EU countries, thereby providing better estimates of the current state of the system when the relative income series are highly nonlinear.
Original language | English |
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Pages (from-to) | 363-365 |
Number of pages | 3 |
Journal | Applied Economics Letters |
Volume | 15 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2008 |