Convergence of Real Per Capita GDP Within East Asian and Middle East Countries: Panel Unit Root Evidence
نویسنده: Aminifard، Abbas؛
Spring & Summer 2011, Volume 38 - Number 1 علمی-پژوهشی/ISC (8 صفحه - از 61 تا 68)
کلید واژه های ماشینی : East Asian Middle East Countries ، We East Asian Middle East ، Within East Asian Middle East ، Panel Unit Root Evidence ، East Asia ، Panel Unit Root Tests Real ، This GDP East Asian ، Convergence Real Per Capita ، Capita GDP Within East Asian ، Per Capita GDP Within East
This paper examines convergence of real GDP per capita in the selected East Asian countries and this relationship with selected Middle East countries during the period 1950-2009. The reason behind this refers to the fact that East Asia countries (including China, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Japan and South Korea) have been involved in achieving success arising from regional cooperation. On the other hand, the Middle East region has been well-known in producing and exporting oil (Iran, Iraq, Kuwait, Qatar, Saudi Arabia and United Arab Emirates). However, these countries have had strong relationship whit East Asian countries through trade and investment relations. Overall, the question is whether such strong relationship has led to a reduction in the real per capita gap between the selected countries of the both regions. To find the answer, income departures across countries are evaluated from several panel data unit root tests. We and no evidence supporting the existence of convergence process for the income in the East Asian and Middle East countries. But in each region, convergence within countries can not reject.خلاصه ماشینی:
"The reason behind this refers to the fact that East Asia countries (including China, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Japan and South Korea) have been involved in achieving success arising from regional cooperation. Keywords: Regional Integration, Convergence, East Asia, Middle East, Panel Unit Root Tests. Then, Bernard and Durlauf (1995, 1996) propose to consider convergence as a stochastic process, using the properties of time series, and test the convergence hypothesis from unit root tests. Therefore, Evans (1996) suggests exploiting both the time-series and the cross-section information included in the data of the per capita income in order to evaluate the convergence hypothesis. We apply various panel unit root tests to real GDP per capita data for 14 Eastern and Southern Asian countries: first generation tests based on the assumption of independent cross-section units (Levin et al. Section 2 proposes a survey of the recent empirical works dealing with real income convergence in some Asian countries and Middle East countries. Using panel data and Eviwes-6 computer software, we investigate income convergence Hypothesis by testing for unit roots in the real per capita GDP of the selected countries. Our hypothesis is that if real per capita GDP are stationary, income convergence Hypothesis holds when tested in panel data (Banerjee et al. Table 2 reports panel unit root tests for real gdp (8 selected Asian countries), based on individual effects. In this paper, we used panel unit root tests to investigate REAL INCOME for 8 selected East Asian countries and 6 Middle East."
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