Nominal and real stochastic convergence of transition economies

Date
2004
Authors
Kutan, A. M.
Yigit, T. M.
Advisor
Instructor
Source Title
Journal of Comparative Economics
Print ISSN
0147-5967
Electronic ISSN
1095-7227
Publisher
Academic Press
Volume
32
Issue
1
Pages
23 - 36
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
Abstract

To investigate the sensitivity of real and nominal economic convergence of transition economies to model specification and restrictions, we extend the work of Kocenda [J. Compar. Econ. 29 (2001) 1] by considering a more stable, post-1993 period and by adopting a more recent panel estimation approach. This new technique involves less restrictive assumptions than previous panel unit root techniques by allowing heterogeneity in convergence rates. Our results show less nominal and real economic convergence than those of Kocenda.

Course
Other identifiers
Book Title
Keywords
Unit-root tests, Panel-data, Hypothesis, Countries, Growth
Citation
Published Version (Please cite this version)