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Real Convergence in Some OECD Countries

Resat Ceylan, Funda Telatar () and Erdinc Telatar
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Resat Ceylan: Pamukkale University, Department of Economics

No 20121, Hacettepe University Department of Economics Working Papers from Hacettepe University, Department of Economics

Abstract: The purpose of this letter is to re-examine the convergence hypothesis for 21 OECD countries during the period of 1950-2008. Our nonlinear unit root procedures are able to reject the existence of a unit root in both the de-meaned output and the output gap series from USA series for 21 OECD countries, wheraes the linear ADF test fails to do so, providing some supportive evidence of nonlinear convergence in the outputs.

Pages: 13 pages
Date: 2012
New Economics Papers: this item is included in nep-cwa
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