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Real Convergence in Selected OECD Countries

Author

Listed:
  • Resat CEYLAN

    (Pamukkale University, Faculty of Economics and Administrative Sciences, Department of Economics)

  • Erdinc TELATAR

    (Okan University, Faculty of Economics and Administrative Sciences, Department of Banking and Finance)

  • Funda TELATAR

    (TOBB University of Economics and Technology, Faculty of Economics and Administrative Sciences, Department of Economics)

Abstract

The purpose of this study is to re-examine the convergence hypothesis both linear and nonlinear time series techniques for 21 OECD countries during the period of 1950-2008. The linear augmented Dickey Fuller (ADF) test results support the existence of a unit root which means that there is nonconvergence in both de-meaned output and the output gap series constructed as the difference between actual GDP series of each OECD country from that of the USA. We used a nonlinear test as an alternative procedure if there are nonlinearities in the series. The nonlinear testing procedures reject the null hypothesis that there is a unit root in the series providing some supportive evidence of a nonlinear output convergence among the selected OECD economies.

Suggested Citation

  • Resat CEYLAN & Erdinc TELATAR & Funda TELATAR, 2013. "Real Convergence in Selected OECD Countries," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 13(2), pages 209-214.
    • Handle: RePEc:ege:journl:v:13:y:2013:i:2:p:209-214
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    Cited by:

    1. Desli, E. & Gkoulgkoutsika, A., 2020. "World economic convergence: Does the estimation methodology matter?," Economic Modelling, Elsevier, vol. 91(C), pages 138-147.
    2. Nermin Yasar, 2020. "Stationarity Properties of Renewable Energy Consumption in the Commonwealth of Independent States," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 155-159.

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