Are per capita incomes of MENA countries converging or diverging?


Tunali C. B., Yilanci V.

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, vol.389, no.21, pp.4855-4862, 2010 (SCI-Expanded) identifier identifier identifier

  • Publication Type: Article / Article
  • Volume: 389 Issue: 21
  • Publication Date: 2010
  • Doi Number: 10.1016/j.physa.2010.06.053
  • Journal Name: PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.4855-4862
  • Keywords: Convergence hypothesis, Conditional/deterministic convergence, "Catching up" process, Nonlinear unit root test, MENA countries, TIME-SERIES TESTS, UNIT-ROOT, INCREASING RETURNS, REGIONAL INCOMES, GROWTH, PRODUCTIVITY, HYPOTHESIS, CORRUPTION
  • Istanbul University Affiliated: Yes

Abstract

This study considers the issue of income convergence among the MENA (Middle East and North African) countries by using real per capita incomes over the period 1950-2006. We employed (Kapetanios et al. 2003)1211 unit root test by incorporating an additive constant and a trend component as Chong et al. (2008)1201 did in their study and found most of the MENA countries diverging during the sample period. (C) 2010 Elsevier B.V. All rights reserved.