题目：Persistence and Convergence in Economic Growth and Club Formation

主讲人：Thanasis Stengos 教授 （University of Guelph）

时间：2017年6月9日(星期五)上午10:00-11:30

地点：主楼 317

主讲人介绍：

    Thanasis Stengos joined the Department of Economics at the University of Guelph in 1984, where he now holds a University Research Chair. He received his B.Sc. and M.Sc. in Economics from the London School of Economics and Ph.D. from Queen's University. His research has been published in journals including the Review of Economic Studies, European Economic Review, International Economic Review, Economic Journal, Journal of Monetary Economics, Journal of Econometrics, Econometric Theory, The Review of Economic and Statistics, Journal of Applied Econometrics, Journal of Business and Economic Statistics and Journal of Economic Growth.

内容介绍：

    In this paper, we examine the convergence hypothesis using a long memory framework that allows for structural breaks and does not rely on a benchmark country using both univariate and multivariate estimates of the long memory parameter. Using per capita GDP gaps, we confirm the findings of non-stationarity and long memory behavior that have been found previously in the literature using univariate tests. However, the support for these findings is much weaker when using a multivariate framework, in which case we find more evidence of stationary behavior. Based on these results, we also investigate club formation, something that would suggest the presence of conditional convergence. We describe a club formation methodology using the sequential testing criteria that we have employed in our analysis as the basis for forming clusters or clubs of countries with similar convergence characteristics. 

（承办：国际贸易与金融系，科研与学术交流中心）