1. ANALYSIS OF CONVERGENCE OF SOME MIDDLE EASTERN COUNTRIES TO EUROPEAN UNION VIA UNIT ROOT TEST.
- Author
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GÖKTOLGA, Oğuzhan, ZEREN, Fatma, and TORUN, Abdullah
- Abstract
This study is held in order to determine whether some Middle Eastern countries have converged to EU countries in terms of economy and politics as dimensions of globalization. Existence of any convergence is tested via Harvey and Leybourne (2008) linearity tests. As a consequence of the fact that series are non-linear, the existence of any convergence is analyzed via Enders and Granger unit root test. It has been deduced that Kuwait has converged EU-27 average from the point of economic globalization and the country also has converged EU-15 average from the point of social globalization. Similarly, Saudi Arabia has converged EU-9 and EU-15 averages from the point of social globalization. Egypt and Jordan have converged both EU-9 and EU- 15 average from the point of political globalization. Turkey has just converged EU-9 from the point of political globalization. And Iran has just converged EU-15 average from the point of economic globalization. It hasn't been detected any convergence for other countries analyzed. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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