Collect the per capita GDP data from the World Bank Database for 7 ASEAN countriesIndonesia, Malaysia, Philippines,

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Collect the per capita GDP data from the World Bank Database for 7 ASEAN countries—Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, and Vietnam. Take the data for the year 1990 and 2012. Find out whether the convergence principle is satisfied in these countries (Hint: by comparing the per capita GDP of low income countries with the high income countries.)

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International Finance: Theory And Policy

ISBN: 9781292065199

10th Edition

Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice

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