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
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.
Contents
Diversifying the risk through portfolio investment
Heterogeneous funding patterns and income structure of Croatian banks: panel data evidence
Young people’s considerations regarding the fidelity of tourism products consumption
A stochastic convergence analysis for selected East Asian and Pacific countries: A Fourier unit root test approach
Economic disparities between urban and rural Romanian labor market
Corporate social responsibility reporting of the banks in Bosnia and Herzegovina, Croatia and Montenegro
Demo-economic restructuring in South-Muntenia development region. Causes and effects on the regional economy
Adaptability and competitiveness of Romanian aeronautical industry in the European context
Assessment of key determinants for economic growth in Pakistan
The public debt management and the political marketing in the context of negative economic fluctuations on a global level