Since 2014
The Application of Hidden Markov Models to the Analysis of Real Convergence
Dynamic Econometric Models
View Archive Info| Field | Value | |
| Title |
The Application of Hidden Markov Models to the Analysis of Real Convergence
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| Creator |
Bernardelli, Michal; Warsaw School of Economics
Próchniak, Mariusz; Warsaw School of Economics Witkowski, Bartosz; Warsaw School of Economics |
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| Subject |
catching-up; convergence; hidden Markov model; European Union; Viterbi path.
C61, E32, O47, O52 |
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| Description |
This paper employs hidden Markov models and the Viterbi path to analyze the process of real convergence. Such an approach combines the analysis of cyclical and income-level convergence. Twelve macroeconomic variables in the sample of 28 EU countries observed in the 1995-2016 period are within the scope of the study. The results indicate, among others, the existence of real convergence of Poland toward the remaining EU countries in terms of the levels of GDP per capita at PPP and GDP growth rates, with a short-run period of divergence during the global crisis.
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| Publisher |
Nicolaus Copernicus University
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| Contributor |
—
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| Date |
2017-12-22
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2017.004
10.12775/DEM.2017.004 |
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| Source |
Dynamic Econometric Models; Vol 17 (2017); 59-80
Dynamic Econometric Models; Vol 17 (2017); 59-80 2450-7067 1234-3862 |
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| Language |
eng
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| Relation |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2017.004/13763
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| Rights |
Copyright (c) 2017 Dynamic Econometric Models
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