Theoretical and Applied Economics
No. 9 / 2014 (598)
A stochastic convergence analysis for selected East Asian and Pacific countries: A Fourier unit root test approach
Veli YILANCI
Sakarya University, Turkey
Ercan SARIDOĞAN
Istanbul University, Turkey
Okşan ARTAR
Istanbul Commerce University, Turkey
Sakarya University, Turkey
Ercan SARIDOĞAN
Istanbul University, Turkey
Okşan ARTAR
Istanbul Commerce University, Turkey
Abstract. The main aim of this study is to analyze stochastic convergence dynamics for selected East Asian and Pacific countries over the period 1960–2010, using a recently introduced unit root test with a Fourier function capable of capturing unknown form for structural breaks. Our test results show that we cannot reject the stochastic convergence hypothesis for Australia, Fiji, Korea, Nepal, Pakistan, Philippines, and Thailand.
Keywords: stochastic convergence, Fourier function, stationarity, East Asian countries, structural breaks.
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- A stochastic convergence analysis
for selected East Asian and Pacific countries:
A Fourier unit root test approach
Veli YILANCI
Ercan SARIDOĞAN
Okşan ARTAR
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