Stengos, Thanasis; Yazgan, M. Ege - Rimini Centre for Economic Analysis (RCEA) - 2012
focusses on the long memory parameter d that allows us to obtain different convergence classifications depending on its value … is that we find long memory mean reverting convergence, something that is also consistent with Pesaran et al (2009). In … explaining the speed of convergence as captured by the estimated long memory parameter d we find impediments to trade such as …