Autore
Niang, Abdou Aziz

Titolo
Testing economic convergence in non-stationary panel
Periodico
Statistical methods & applications : Journal of the Italian Statistical Society
Anno: 2017 - Volume: 26 - Fascicolo: 1 - Pagina iniziale: 135 - Pagina finale: 156

This paper emphasizes the role of Panel Analysis of Nonstationarity in the Idiosyncratic and Common components (PANIC) in purging effects of cross-country correlation and structural instability from the convergence equation. In doing so, we run some simulations to show that, in addition to controlling correlations, PANIC handles the presence of a single structural change naturally and then solves the problems of low power that it generates. Applications are also conducted using a sample of 20 OECD member countries and 20 countries in Sub-Saharan Africa.



SICI: 1618-2510(2017)26:1<135:TECINP>2.0.ZU;2-G

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