Convergence Patterns in Financial Development: Evidence From Club Convergence

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Convergence Patterns in Financial Development: Evidence From Club Convergence

This article analyzes the degree of convergence of financial development for a panel of 50 countries. We apply the methodology of Phillips and Sul (Econometrica 75:1771–1855, 2007) to various indicators of financial development to assess the existence of convergence clubs. We consider ten alternativ...

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Bibliographic Details
Main Authors:	Apergis, Nicholas, Christou, C., Miller, S.
Format:	Journal Article
Published:	Physica-Verlag GmbH und Co. 2012
Subjects:	Financial development Financial indicators Convergence clustering approach Economic growth
Online Access:	http://hdl.handle.net/20.500.11937/7737

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