Bankacılık ve Sigortacılık Bölümü

Browse

Now showing 1 - 2 of 2

Citation - WoS: 150
Citation - Scopus: 160
Testing for Unit Root in Nonlinear Heterogeneous Panels
(Elsevier Science Sa, 2009) Ucar, Nuri; Omay, Tolga; 189073; 08.02. Çankaya Meslek Yüksekokulu; 08. Meslek Yüksekokulları; 01. Çankaya Üniversitesi; 03.01. Bankacılık ve Finans; 03. İktisadi ve İdari Birimler Fakültesi
We develop unit root tests for nonlinear heterogeneous panels where the alternative hypothesis is an exponential smooth transition (ESTAR) model, and provide their small sample properties. We apply our tests for investigating the income convergence hypothesis in the OECD sample. (C) 2009 Published by Elsevier B.V.
Citation - WoS: 5
Citation - Scopus: 7
Testing Stochastic Income Convergence in Seasonal Heterogeneous Panels
(Elsevier, 2010) Guler, Huseyin; Ucar, Nuri; 189073; 01. Çankaya Üniversitesi; 03.01. Bankacılık ve Finans; 03. İktisadi ve İdari Birimler Fakültesi
In this paper we introduce a seasonal version of the Solow-Swan growth model and acquire an empirical income convergence equation. We take this equation as a basis to investigate whether income convergence exists in an OECD sample. To do this, we propose the test statistics under various asymptotic properties for some of the seasonal frequencies in the context of nonstationary heterogeneous panels. Critical values and moments of our statistics are generated and their finite sample performances are examined via Monte Carlo simulations. (C) 2009 Elsevier B.V. All rights reserved.