THE EXISTENCE OF FOREIGN TRADE BALANCE CONVERGENCE IN EU MEMBER AND CANDIDATE COUNTRIES: AN EMPIRICAL ANALYSIS
نویسندگان
چکیده
The foreign trade deficit is an important problematic area for all countries, and it the main cause of current account economic crises. It useful to frequently analyze level these deficits. In this study, presence convergence among EU member candidate countries in terms balance was analyzed with second-generation panel data analysis methods, operating under cross-sectional dependence, by using from 2000-2019 period. firstly existence dependence found that there included panel. firstly, CADF HK unit root tests were carried out order test each country group's their group average; then groups other than i.e., 36-country panel, EU28, EU15, EU13 determined a towards own means balance. Furthermore, average EU15 tested methods; tend converge EU15. Finally, EU13's according tests, unable also not able countries. However, results, 8 converged 13 became members later. robustness check performed Fisher ADF, PP, LLC, IPS results obtained be consistent.
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ژورنال
عنوان ژورنال: K?rklareli Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi
سال: 2021
ISSN: ['2717-9028']
DOI: https://doi.org/10.51969/klusbmyo.945223