Journal of Yaşar University

Yazarlar: Burak Çamurdan Reşat CEYLAN, Burak ÇAMURDAN, Resat CEYLAN

Konular:-

DOI:10.19168/jyu.23288

Anahtar Kelimeler:Yakınsama hipotezi,Gelişmekte olan piyasa ekonomileri,ADF birim kök testi,Nahar ve Inder (2002) Testi,Kapetanios,Snell,Ve Shin (KSS) (2003) Testi

Özet: In this paper, we study the GDP per capita convergence in emerging market economies for the period of 1950-2008. As the convergence in emerging market economies hasn’t been concerned as much as in the developed countries in the literature, hereby the situation of the convergence in emerging market economies is tried to be found out by the investigation. For this purpose, GDP per capita convergences in 25 developing countries were tested by ADF unit root test, Nahar and Inder (2002) Test and Kapetanios, Snell, and Shin (KSS) (2003) Test, which is based on the non-linear time series technique. While ADF unit root test allows to infer that there is convergence upon to the used series are stationary, the Nahar and Inder (2002) Test asserts that the existence of the convergence could also infer whether the used series are not stationary. On the other hand, the Kapetanios, Snell, and Shin (KSS) (2003) Test reveals that, if non-linear time series are stationary, the convergence could be inferred. In order to reach to the target aimed by the study, said tests were implemented. As per the results of Nahar and Inder (2002) Test, which emphasize that the existence of the convergence could be inferred whether the used series are not stationary? The findings show that there is

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