Examination of inflation convergence using fourier unit root tests: OECD countries

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dc.authoridhttps://orcid.org/0000-0001-8904-6635
dc.contributor.authorBıyıklı, Süreyya İmre
dc.date.accessioned2025-08-07T10:15:43Z
dc.date.available2025-08-07T10:15:43Z
dc.date.issued2025
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesi
dc.description.abstractThis study examines the validity of the inflation convergence hypothesis in OECD countries, which include both developed and developing countries. Using monthly data for the period 1995:01 to 2023:01, the results of the analysis were obtained using the Fourier-Kruse (2019) test with constant, constant and trend model. Thus, the aim is to provide more comprehensive results with advanced econometric methods that consider both structural breaks and non-linear relationships at the same time. According to the results of the Fourier-Kruse (2019) test, all the series except for Korea and Italy are stationary in the fixed model, while all the series except for Italy, Hungary, Korea and Turkey are stationary in the fixed and trend model. For stationary series, the F-statistic proposed by Becker et al. (2006) is used. Accordingly, the hypothesis of convergence in the stationary model holds for Austria, Belgium, Canada, Chile, Colombia, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Japan, Latvia, Lithuania, Luxembourg, Mexico, Norway, Poland, Portugal, Slovenia, Spain, Sweden, Switzerland and Turkey. In the constant and trend model, the convergence hypothesis is found to hold for Austria, Belgium, Canada, Colombia, Denmark, Finland, France, Germany, Iceland, Ireland, Japan, Latvia, Lithuania, Luxembourg, Mexico, Norway, Poland, Portugal, Slovakia, Spain, Sweden and Switzerland. According to the results, inflation convergence has generally shown a positive trend in the OECD countries. The countries where inflation convergence has not been achieved may be due to divergences in economic dynamics and monetary policies.
dc.identifier.citationCitation: Bıyıklı, S. İ. (2025). Examination of inflation convergence using fourier unit root tests: OECD countries. EKOIST Journal of Econometrics and Statistics, 42, 140-153. https://doi.org/10.26650/ekoist.2025.42.1574125
dc.identifier.doihttps://doi.org/10.26650/ekoist.2025.42.1574125
dc.identifier.endpage153
dc.identifier.issn2651-396X
dc.identifier.issue42
dc.identifier.startpage140
dc.identifier.urihttps://hdl.handle.net/11363/10229
dc.identifier.wos001524779400010
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.institutionauthorBıyıklı, Süreyya İmre
dc.institutionauthoridhttps://orcid.org/0000-0001-8904-6635
dc.language.isoen
dc.publisherISTANBUL UNIV, Rektorlugu, Beyazit, Fatih, ISTANBUL 34452, Turkiye
dc.relation.ispartofEKOIST-JOURNAL OF ECONOMETRICS AND STATISTICS
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectInflation Convergence
dc.subjectFourier Unit Root
dc.subjectOECD Countries
dc.titleExamination of inflation convergence using fourier unit root tests: OECD countries
dc.typeArticle

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