Income Convergence: Fresh Evidence from the Nordic Countries

11 Pages Posted: 12 May 2009

See all articles by Venus Khim-Sen Liew

Venus Khim-Sen Liew

Universiti Malaysia Sarawak

Yusuf Ahmad

affiliation not provided to SSRN

Date Written: May, 11 2009

Abstract

Using the recently developed linearity test and non-linear unit root test, this study shows that the income gaps of Finland, Norway and Sweden with respect to Denmark are non-linear 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 Greasley (1999). This fresh evidence strengthens the finding of Nordic Convergence Club by these authors.

Keywords: income convergence, Nordic, non-linear test

JEL Classification: C22,F43

Suggested Citation

Liew, Venus Khim-Sen and Ahmad, Yusuf, Income Convergence: Fresh Evidence from the Nordic Countries (May, 11 2009). Applied Economics Letters, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1402563

Venus Khim-Sen Liew (Contact Author)

Universiti Malaysia Sarawak ( email )

Faculty of Economics and Business
Kota Samarahan, Sarawak 94300
Malaysia
+6082582415 (Phone)
+6082671794 (Fax)

HOME PAGE: http://www.feb.unimas.my/

Yusuf Ahmad

affiliation not provided to SSRN ( email )

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
29
Abstract Views
418
PlumX Metrics