PERSISTENCE IN CONVERGENCE AND CLUB FORMATION

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dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.contributor.authorStengos, Thanasis
dc.contributor.authorYazgan, M. Ege
dc.contributor.authorOzkan, Harun
dc.date.accessioned2024-07-18T20:47:29Z
dc.date.available2024-07-18T20:47:29Z
dc.date.issued2018
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractIn this paper, we examine the convergence hypothesis using a long memory framework that allows for structural breaks and does not rely on a benchmark country using both univariate and multivariate estimates of the long memory parameter d. Using per capita GDP gaps, we confirm the findings of non-stationarity and long memory behavior that have been found previously in the literature using univariate tests. However, the support for these findings is much weaker when using a multivariate framework, in which case we find more evidence of stationary behavior. Based on these results, we also investigate club formation, something that would suggest the presence of conditional convergence. We describe a club formation methodology using the sequential testing criteria that we have employed in our analysis as the basis for forming clusters or clubs of countries with similar convergence characteristics.en_US
dc.description.sponsorshipScientific and Technological Research Council of Turkey (TUBITAK) [113K757]; TUBITAKen_US
dc.description.sponsorshipThis work has been produced as a part of the research project (project no: 113K757) supported by The Scientific and Technological Research Council of Turkey (TUBITAK). Ege Yazgan and Thanasis Stengos would like to acknowledge financial support from TUBITAK, while Thanasis Stengos would also like to thank the SSHRC of Canada.en_US
dc.identifier.doi10.1111/boer.12130
dc.identifier.endpage138en_US
dc.identifier.issn0307-3378
dc.identifier.issn1467-8586
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85041799216en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage119en_US
dc.identifier.urihttps://doi.org/10.1111/boer.12130
dc.identifier.urihttps://hdl.handle.net/11411/7817
dc.identifier.volume70en_US
dc.identifier.wosWOS:000429703600002en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofBulletin of Economic Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectConvergence Clubsen_US
dc.subjectGrowth Convergenceen_US
dc.subjectLong Memoryen_US
dc.subjectLocal Whittle Estimationen_US
dc.subjectFractional-Integrationen_US
dc.subjectGrowthen_US
dc.subjectProductivityen_US
dc.subjectModelen_US
dc.titlePERSISTENCE IN CONVERGENCE AND CLUB FORMATIONen_US
dc.typeArticleen_US

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