Stengos, Thanasis; Yazgan, M. Ege - Department of Economics and Finance, College of … - 2011
In this paper, we examine the convergence hypothesis using a long memory framework that allows for structural breaks … and the non reliance on a benchmark country. We find that even though the long memory framework of analysis is much richer … in contrast to the findings of Dufrénot, Mignon and Naccache (2009) who found strong evidence of long memory for output …