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Browsing Meslek Yüksek Okulu by Author "Guler, Huseyin"

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    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.