The main aim of this study is to analyze stochastic convergence dynamics for selected East Asian and Pacific countries over the period 1960–2010, using a recently introduced unit root test with a Fourier function capable of capturing unknown form for structural breaks. Our test results show...

This study examines the asymmetric behavior of macroeconomic aggregates for Bulgaria, Croatia and Romania by employing Triples test of Randles et al. (1980). The results reveal that while most of the macroeconomic series for Bulgaria and Croatia are characterized by asymmetric behavior;...

In this study, we test the nonlinear dependence in the Turkish stock market namely, Istanbul stock exchange-100 over the period 2 January 1988 - 31 December 2010 by employing Hinich (1996) portmanteau test statistic jointly with Hinich, and Patterson (2005) non-overlapped windowed testing...

In this study, we analyze what kind of effect public investment has on private sector investment by employing unit root and cointegration tests, which allow a structural break between 1970-2009. The results, we obtained, show that the public investment has crowding in effect on private sector...

This study investigates the stationarity and linearity properties of unemployment rates in 17 OECD countries. We use a new unit root test developed by Kapetanios, Shin and Snell (2003) (KSS) which tests the joint null hypothesis of linearity and a unit root against a nonlinear stationary...

This study investigates the effect of per capita income on per capita health expenditures in Turkey over the period 1975–2007 by using ARDL bounds test approach to the cointegration considering both demand and supply side variables. Since we reject the null hypothesis that there is no...

Bu calisma, Turk sermaye piyasasinda hisse senedi fiyatlari ile islem hacmi arasindaki nedensellik iliskisini gunluk veriler araciligiyla 1990-2012 donemi icin arastirmaktadir. Literaturdeki onceki calismalardan farkli olarak, pozitif ve negatif soklara verilen tepkilerin farkli olabilecegi ve...