Nominal and real stochastic convergence of transition economies

Journal of Comparative Economics

Volumn 32, Issue 1, 2004, Pages 23-36

  Kutan, Ali M ^a,b   Yigit, Taner M ^c  

^a SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE   (United States)

^b UNIVERSITY OF BONN   (Germany)

^c BILKENT UNIVERSITY   (Turkey)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1542615651     PISSN: 01475967     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jce.2003.09.008     Document Type: Article

References (20)

1. Backé, Peter, Fidrmuc, Jarko, Reininger, Thomas, Schardax, Franz, 2003. Price dynamics in Central and Eastern European EU accession countries. Emerging Markets Finance and Trade 39, 42-78.
2. Barro, Robert J., Sala-i-Martin, X., 1992. Convergence. Journal of Political Economy 100, 223-251.
3. Bernard, Andrew B., Durlauf, Steven N., 1996. Interpreting tests of the convergence hypothesis. Journal of Econometrics 71, 161-173.
4. Brada, Josef C., Kutan, Ali M., 2001. The convergence of monetary policy between candidate countries and the European Union. Economic Systems 25, 215-231.
5. Desai, Padma, 1998. Macroeconomic fragility and exchange rate vulnerability: a cautionary record of transition economies. Journal of Comparative Economics 26, 621-641.
6. Dibooglu, Selahattin, Kutan, Ali M., 2001. Sources of real exchange rate fluctuations in transition economies: the case of Poland and Hungary. Journal of Comparative Economics 29, 257-275.
7. Estrin, Saul, Urga, Giovanni, Lazarova, Stepana, 2001. Testing for ongoing convergence in transition economies 1970 to 1998. Journal of Comparative Economics 29, 677-681.
8. Friedman, Milton, 1992. Do old fallacies ever die? Journal of Economic Literature 30, 2129-2132.
9. Im, Kyung S., Pesaran, M. Hashem, Shin, Yongcheol, 2003. Testing for unit roots in heterogeneous panels. Journal of Econometrics 115, 53-74.
10. Kočenda, Evžen, 2001. Macroeconomic convergence in transition countries. Journal of Comparative Economics 29, 1-23.
11. Korhonen, Iikka, Fidrmuc, Jarko, 2001. Similarity of supply and demand shocks between the Euro area and the accession countries. Focus on Transition 2, 26-42.
12. Kutan, Ali M., Brada, Josef C., 2000. The evolution of monetary policy in transition economies. The Federal Reserve Bank of St. Louis Review 82 (2), 31-40.
13. Lee, K., Pesaran, M.H., Smith, R., 1997. Growth and convergence in multi-country empirical stochastic Solow model. Journal of Applied Econometrics 12 (4), 357-392.
14. Levin, Andrew, Lin, Chien-Fu, 1993. Unit root tests in panel data: new results. Working paper No. 93-56. San Diego Department of Economics, Univ. of California.
15. Levin, Andrew, Lin, Chien-Fu, Chu, Chia-Shang J., 2002. Unit root tests in panel data: asymptotic and finite-sample properties. Journal of Econometrics 108, 1-24.
16. Maddala, G.S., Wu, Shaowen, 1999. A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, Special Issue 61, 631-652.
17. Quah, Danny, 1992. International patterns of growth: persistence in cross-country disparities. Unpublished manuscript. London School of Economics.
18. Quah, Danny, 1993. Galton's fallacy and tests of the convergence hypothesis. Scandinavian Journal of Economics 95, 427-443.
19. Richards, Anthony J., Tersman, Gunnar H.R., 1996. Growth, nontradables, and price convergence in the Baltics. Journal of Comparative Economics 23, 121-145.
20. Strauss, Jack, Yigit, Taner M., 2003. Shortfalls of panel unit root testing. Economics Letters. In press.