Geni̇şleyen Bi̇r Avrupa’da Ülke Spesi̇fi̇k Yakinsama Davranişi

Abstract

European Union is the main interest of this paper on account of the longestablished integration from 1950's. This paper examines the process of convergence in relative GDP per capita across European Union countries and candidate countries. As we found cross-section dependence, we present second generation panel cointegration tests of the theory for the European Union countries and candidate countries for the period 1990-2011. This paper also shows country-specific conditional and unconditional convergence at the long-run model by way of using Common Correlated Effect Model. This contribution gives crucial information about the European Union countries and candidate countries.