• Economics
  • Published 2002

Convergence of Income in Asian Countries

@inproceedings{Lee2002ConvergenceOI,
  title={Convergence of Income in Asian Countries},
  author={Hock Ann Lee},
  year={2002}
}
This study examines convergence of per capita real income for seven Asian countries namely Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore and Thailand during the period 1970-1999. It has been argued that income convergence could be used as one of the criteria to form a single currency area. Utilizing the concepts of deterministic and stochastic convergence, this study uses 3 types of time series techniques, namely the standard ADF test, the Zivot- Andrews endogenously… CONTINUE READING

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