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dc.contributor.authorVu, Benjamin
dc.date.accessioned2018-08-13T01:30:32Z
dc.date.available2018-08-13T01:30:32Z
dc.date.issued2015
dc.identifier.issn1225-651X
dc.identifier.doi10.11130/jei.2015.30.3.399
dc.identifier.urihttp://hdl.handle.net/10072/101632
dc.description.abstractThis paper examines output disparities between the Asia-Pacific Economic Cooperation countries during the period 1990~2011. The results show that inter-country levels of output per capita diverged over the study period but there was a clear break in the trend around 1998. Applying the time-varying individual common factor model, we found that all countries could be grouped into three convergence clubs. Focusing on the time path of each country’s output level relative to that of a reference economy such as the United States of America and allowing for possible structural breaks, we found that more countries converged towards the USA during the sub-period 1999~2011. The findings also suggest that the Asia-Pacific Economic Cooperation could have played some role in diminishing the output inequality between its member countries after the Asia-Pacific Economic Cooperation reached its current extent in 1998. Likewise, the paper suggests a need to reduce the wide income gap among the Asia-Pacific Economic Cooperation countries to promote their economic integration.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherSejong University
dc.relation.ispartofpagefrom399
dc.relation.ispartofpageto428
dc.relation.ispartofissue3
dc.relation.ispartofjournalJournal of Economic Integration
dc.relation.ispartofvolume30
dc.subject.fieldofresearchApplied Economics not elsewhere classified
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchcode140299
dc.subject.fieldofresearchcode1402
dc.titleDisparities and growth within APEC countries, 1990-2011
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionPublished
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2015 Journal of Economic Integration. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.hasfulltextFull Text
gro.griffith.authorVu, Benjamin


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