Convergence among five industrial countries (1870–1994): Results from a time varying cointegration approach

In this paper, we check the hypothesis of a time varying cointegration relation between four industrial countries per capita GDPs and US per capita GDP on the period from 1870 to 1994. Park and Hahn (1999) give the methodology. Results confirm the hypothesis of time evolving cointegration in all cases. Tests on the parameters of these cointegration relations show that, from the 1980s onwards, we can accept the hypothesis of stochastic convergence between France, Germany and Japan, on one hand, and the United States on the other.First version received: December 2001 / Final revision received: September 2003     

Efficient coordination in the lab

Journal of Economic Interaction and Coordination - We follow the example of Gossner et al. (Econometrica 74(6):1603–1636, 2006) in the design of a finitely repeated 2-player coordination game...