A stochastic convergence analysis for selected East Asian and Pacific countries: A Fourier unit root test approach

Veli Yilanci, Ercan Saridoğan and Okşan Artar
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Ercan Saridoğan: Istanbul University, Turkey
Okşan Artar: Istanbul Commerce University, Turkey

Theoretical and Applied Economics, 2014, vol. XXI, issue 9(598), 51-60

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. (search for similar items in EconPapers)
Date: 2014
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