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Which OIC countries are catching up? Time Series Evidences with Multiple Structural Breaks | ||
| Iranian Journal of Economic Studies | ||
| مقاله 2، دوره 1، شماره 1، تیر 2012، صفحه 13-28 اصل مقاله (282.66 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22099/ijes.2012.586 | ||
| نویسندگان | ||
| Zahra Elmi1؛ Omid Ranjbar* 2 | ||
| 1Professor of Economics in Mazandaran University | ||
| 2Ministry of Industry, Mine, and Trade | ||
| چکیده | ||
| Abstract In this paper, income per capita convergence hypothesis is tested in selected OIC countries. For this purpose, we use the time series model and univariate KPSS stationary test with multiple structural breaks (Carrion-i-Silvestre et al. (2005)) over the period 1950-2008. The results show that most OIC countries could not catch up toward USA. Although because of some positive term of trade shocks, they experienced catching up process in some sub- periods, they did not have appropriate infrastructure as, they could not use these opportunities and escape lag deadlock. | ||
| کلیدواژهها | ||
| Keywords: Income convergence؛ Catching up؛ KPSS stationary test؛ Multiple structural breaks. JEL Classification: O1؛ O47؛ C32؛ C33 | ||
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