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Real Convergence in Some OECD Countries

Author

Listed:
  • Resat Ceylan

    (Pamukkale University, Department of Economics)

  • Funda Telatar

    (Hacettepe University, Department of Economics)

  • Erdinc Telatar

    (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.

Suggested Citation

  • Resat Ceylan & Funda Telatar & Erdinc Telatar, 2012. "Real Convergence in Some OECD Countries," Hacettepe University Department of Economics Working Papers 20121, Hacettepe University, Department of Economics.
  • Handle: RePEc:hac:hacwop:20121
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    File URL: http://www.iktisat.hacettepe.edu.tr/WP/WP-2012-1.pdf
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