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https://www.um.edu.mt/library/oar/handle/123456789/30199| Title: | Investigating the catching-up hypothesis using panel unit root tests : evidence from the PIIGS |
| Authors: | Chapsa, Xanthippi Tabakis, Nikolaos Athanasenas, Athanasios L. |
| Keywords: | Dependence (Statistics) Convergence (Economics) -- Portugal Convergence (Economics) -- Italy Convergence (Economics) -- Ireland Convergence (Economics) -- Greece Convergence (Economics) -- Spain Gross domestic product Global Financial Crisis, 2008-2009 |
| Issue Date: | 2018 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Athanasenas, A. L., Chapsa, X., & Tabakis, N. (2018). Investigating the catching-up hypothesis using panel unit root tests : evidence from the PIIGS. European Research Studies Journal, 21(1), 250-271. |
| Abstract: | The aim of this paper is to analyze the issue of income convergence for Portugal, Italy, Ireland, Greece, and Spain (PIIGS), towards France. The empirical analysis uses per capita GDP, in PPP and 2005 constant prices and covers the period from 1950 up to the recent pre-crisis year of 2009. The methodology applied uses non-stationary panel unit root tests both without as well as with structural breaks endogenously determined. The results clearly demonstrate the gain in power from combining structural breaks with panel data. Our findings provide evidence in favor of convergence for all the five countries with France. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/30199 |
| Appears in Collections: | European Research Studies Journal, Volume 21, Issue 1 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ERSJ,_21(1)_-_A21.pdf | 534.58 kB | Adobe PDF | View/Open |
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