Please use this identifier to cite or link to this item: https://hdl.handle.net/11499/46057
Title: A Convergence Analysis on the Investment Development Path Approach
Authors: Yazgan, Ş.
Ceylan, R.
Mollavelioğlu, M.Ş.
Keywords: Convergence Hypothesis
Investment Development Path Approach
Non-Linear Unit Root Tests
Publisher: Sosyoekonomi Society
Abstract: This study, which examines whether the investment development path curves of the developed and developing countries show convergence behaviour in the 1970-2018 period, has two main objectives. The first is to analyse whether foreign direct investment eliminates the development differences between countries based on the investment development path approach. Using the nonlinear unit root tests developed recently, the second is to investigate whether the convergence behaviour of the investment development path curves is affected by macroeconomic shocks. According to the findings, these countries' investment development path curves exhibit a non-linear convergence behaviour, and therefore the convergence process is affected by macroeconomic shocks. © 2021, Sosyoekonomi Society. All rights reserved.
URI: https://doi.org/10.17233/sosyoekonomi.2021.02.23
ISSN: 1305-5577
Appears in Collections:İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
TR Dizin İndeksli Yayınlar Koleksiyonu / TR Dizin Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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