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Title: A Convergence Analysis on the Investment Development Path Approach
Authors: Yazgan, Sekip
Ceylan, Resat
Mollavelioglu, Sukru
Keywords: Investment Development Path Approach
Convergence Hypothesis
Non-Linear Unit Root Tests
Flexible Fourier Form
Publisher: Sosyoekonomi Soc
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.
ISSN: 1305-5577
Appears in Collections:İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
TR Dizin İndeksli Yayınlar Koleksiyonu / TR Dizin Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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