Sagynbekov, Ken Imanak - In: The Journal of International Trade & Economic Development 23 (2014) 4, pp. 476-490
This paper reports the convergence rates for the Gulf Cooperation Council (GCC) countries using a Bayesian shrinkage estimator. The estimated convergence rates using a panel dataset covering period from 1972 to 2008 across six countries vary from 9% to 22% per year. The results of a Bayesian...