TY  - RPRT
AB  - Income convergence among the G-7 countries was demonstrated using Theil's inequality (entropy) index.  G-7 convergence was also found for three potential factors of influence on economic growth: government expenditure, investment expenditure, and industrial employment.  Pairwise cointegration tests indicated that income inequality was cointegrated with the other three inequality measures  for the time period of 1950-88.  Finally, Johansen's I(2) multi-cointegration tests indicated that three of the four inequality measures (i.e. income, investment expenditure, and industrial employment) were cointegrated suggesting that there exists a long-run equilibrium between the inequality in income, investment expenditure, and industrial employment.
AU  - Weatherspoon, Dave D.
AU  - Seale, James L., Jr.
AU  - Moss, Charles B.
DA  - 1999
DA  - 1999
DO  - 10.22004/ag.econ.11675
DO  - doi
ID  - 11675
KW  - Agricultural and Food Policy
L1  - https://ageconsearch.umn.edu/record/11675/files/sp99-65.pdf
L2  - https://ageconsearch.umn.edu/record/11675/files/sp99-65.pdf
L4  - https://ageconsearch.umn.edu/record/11675/files/sp99-65.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/11675/files/sp99-65.pdf
N2  - Income convergence among the G-7 countries was demonstrated using Theil's inequality (entropy) index.  G-7 convergence was also found for three potential factors of influence on economic growth: government expenditure, investment expenditure, and industrial employment.  Pairwise cointegration tests indicated that income inequality was cointegrated with the other three inequality measures  for the time period of 1950-88.  Finally, Johansen's I(2) multi-cointegration tests indicated that three of the four inequality measures (i.e. income, investment expenditure, and industrial employment) were cointegrated suggesting that there exists a long-run equilibrium between the inequality in income, investment expenditure, and industrial employment.
PY  - 1999
PY  - 1999
T1  - CONVERGENCE OF THE G-7: A COINTEGRATION APPROACH
TI  - CONVERGENCE OF THE G-7: A COINTEGRATION APPROACH
UR  - https://ageconsearch.umn.edu/record/11675/files/sp99-65.pdf
Y1  - 1999
T2  - Staff Paper 99-65
ER  -