Convergence of Output Per Worker in G7 Countries: Evidence from the Club Convergence Test

Abstract

In this study, it is aimed to present the club convergence hypothesis within the framework of per capita output indicator by using annual data for G7 countries and 1950-2018 period. For this purpose, using convergence test proposed by Phillips and Sul (2007), it was analyzed whether the trade openness shows convergence clubs or not According to Phillips and Sul (2007) analysis, there is no general convergence club for all countries and different convergence clubs. Phillips and Sul (2007) analysis revealed that 2 per capita out convergence clubs and 1 divergence club.