Convergence of Output per Worker in G7 Countries: Evidence from the Club Convergence Test

Öz

In this study, it is aimed to present the club convergence hypothesis within the framework of per capita output indicator by using annual data for G7 countries and 1950-2018 period. For this purpose, using convergence test proposed by Phillips and Sul (2007), it was analyzed whether the trade openness shows convergence clubs or not According to Phillips and Sul (2007) analysis, there is no general convergence club for all countries and different convergence clubs. Phillips and Sul (2007) analysis revealed that 2 per capita out convergence clubs and 1 divergence club.

Anahtar Kelimeler

• Club Convergence Hypothesis
• Log t Regression
• G7 Countries.

Convergence of Output per Worker in G7 Countries: Evidence from the Club Convergence Test

Öz

Bu çalışmada, G7 ülkeleri için 1950-2018 dönemine ait yıllık veriler kullanılarak kulüp yakınsama hipotezinin, çalışan başına çıktı göstergesi çerçevesinde ortaya konması amaçlanmaktadır. Bu nedenle, Phillips ve Sul (2007) tarafından ileri sürülen yakınsama testi kullanılarak çalışan başına çıktının yakınsama kulüpleri gösterip göstermediği analiz edilmektedir. Phillips ve Sul (2007) analizine göre tüm ülkeler için genel bir yakınsama kulübünün bulunmadığı ve farklı yakınsama kulüplerinin olduğu tespit edilmektedir. Phillips ve Sul (2007) analizi sonucunda 2 adet çalışan başına çıktı yakınsama kulübü ve 1 tane de ıraksama kulübü tespit edilmektedir.

Anahtar Kelimeler

• Kulüp Yakınsama Hipotezi
• Log t Regresyon Analizi
• G7 Ülkeleri

Kaynakça

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