Economics at your fingertips  

Testing the Convergence Hypothesis for OECD Countries: RALS Panel Fourier SURADF Unit Root Test

Veli Yilanci () and Esra Canpolat-Gökçe

Sosyoekonomi Journal, 2020, issue 28(44)

Abstract: The main aim of this study is to improve the SURADF panel unit root test of Breur et al. (2001) by considering structural breaks and the knowledge of non-normal distrubited residuals. Chang et al. (2012) introduce a new panel unit root test by allowing smooth structural breaks in SURADF test process. In this study, we also take into account of the information of the residuals that are nonnormally distrubited. We test the validity of stochastic convergence among 18 OECD countries using this newly suggested test and find supportive evidence of convergence for only seven countries.

Keywords: Panel; Unit Root; SUR-ADF; Fourier; RALS. (search for similar items in EconPapers)
JEL-codes: C23 F15 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().

Page updated 2021-01-12
Handle: RePEc:sos:sosjrn:200218