An examination of convergence hypothesis for EU-15 countries

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dc.contributor.authorCeylan, Reşat
dc.contributor.authorAbiyev, Vasif
dc.date.accessioned13.07.201910:50:10
dc.date.accessioned2019-07-29T19:30:13Z
dc.date.available13.07.201910:50:10
dc.date.available2019-07-29T19:30:13Z
dc.date.issued2016
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractIn this paper we investigate whether EU-15 countries experience convergence in per capita GDP levels with respect to the EU-15 average over the period 1950-2015. Nonlinear and nonlinear-asymmetric unit root tests as well as structural break Lagrange Multiplier (LM) unit root tests are employed. When nonlinear and nonlinear-asymmetric unit root tests are employed, five countries exhibit long-run or deterministic convergence with the EU-15 average. However, when endogenous structural break LM unit root tests are employed, nine countries exhibit stochastic convergence. Test results indicate that real per capita income levels of 11 EU countries converge towards the EU-15 average. (C) 2016 Elsevier Inc. All rights reserved.
dc.identifier.doi10.1016/j.iref.2016.05.007
dc.identifier.endpage105en_US
dc.identifier.issn1059-0560
dc.identifier.issn1873-8036
dc.identifier.scopusqualityQ1
dc.identifier.startpage96en_US
dc.identifier.urihttps://doi.org/10.1016/j.iref.2016.05.007
dc.identifier.urihttps://hdl.handle.net/20.500.12451/6251
dc.identifier.volume45en_US
dc.identifier.wosWOS:000383292600007
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Science Bv
dc.relation.ispartofİnternational Review Of Economics & Finance
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectNonlinear Unit Root Test
dc.subjectLM Unit Root Test
dc.subjectStochastic Convergence
dc.subjectBeta-Convergence
dc.subjectStructural Breaks
dc.titleAn examination of convergence hypothesis for EU-15 countries
dc.typeArticle

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