Income convergence and the degree of openess: the case of selected Muslim countries

This article examines income convergence or divergence behavior between ten selected OIC (the Organisation of Islamic Conference) economies and the benchmark country of the United States for the period 1970 to 2004. The results are then linked to the degree of openness of the countries under stud...

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Main Authors:	Duasa, Jarita, Ahmad, Nursilah
Format:	Conference or Workshop Item
Language:	English
Published:	2009
Subjects:	HC Economic History and Conditions
Online Access:	http://irep.iium.edu.my/6686/ http://irep.iium.edu.my/6686/ http://irep.iium.edu.my/6686/1/Income_Convergence_and_the_Degree_of_Openess_-_The_Case_of_Selected_Muslim_Countries.pdf

id	iium-6686
recordtype	eprints
spelling	iium-66862011-11-21T17:22:48Z http://irep.iium.edu.my/6686/ Income convergence and the degree of openess: the case of selected Muslim countries Duasa, Jarita Ahmad, Nursilah HC Economic History and Conditions This article examines income convergence or divergence behavior between ten selected OIC (the Organisation of Islamic Conference) economies and the benchmark country of the United States for the period 1970 to 2004. The results are then linked to the degree of openness of the countries under study based on globalization indices. To investigate convergence hypothesis, income differentials between the OIC countries and the benchmark country are computed and a series of test is performed. The tests include Augmented Dickey-Fuller (ADF) stationary linearity test and Kapetanois et al. (KSS) non-linear stationary test. The findings indicate that most of the countries experience income divergence except for three economies. By analyzing the degree of globalization in these economies, it is found that the results support the endogenous theory and dependency approach which predicts that globalization is likely to cause income divergence (inequality) rather than convergence (equality). 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/6686/1/Income_Convergence_and_the_Degree_of_Openess_-_The_Case_of_Selected_Muslim_Countries.pdf Duasa, Jarita and Ahmad, Nursilah (2009) Income convergence and the degree of openess: the case of selected Muslim countries. In: 3rd Islamic Economics Conference 2009 (iECONS), 15-17 July 2009, USIM. http://www.usim.edu.my/usimweb/index.php?option=com_content&view=article&id=312%3Aislamic-economics-conference-2009-iecons&Itemid=482
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Duasa, Jarita Ahmad, Nursilah Income convergence and the degree of openess: the case of selected Muslim countries
description	This article examines income convergence or divergence behavior between ten selected OIC (the Organisation of Islamic Conference) economies and the benchmark country of the United States for the period 1970 to 2004. The results are then linked to the degree of openness of the countries under study based on globalization indices. To investigate convergence hypothesis, income differentials between the OIC countries and the benchmark country are computed and a series of test is performed. The tests include Augmented Dickey-Fuller (ADF) stationary linearity test and Kapetanois et al. (KSS) non-linear stationary test. The findings indicate that most of the countries experience income divergence except for three economies. By analyzing the degree of globalization in these economies, it is found that the results support the endogenous theory and dependency approach which predicts that globalization is likely to cause income divergence (inequality) rather than convergence (equality).
format	Conference or Workshop Item
author	Duasa, Jarita Ahmad, Nursilah
author_facet	Duasa, Jarita Ahmad, Nursilah
author_sort	Duasa, Jarita
title	Income convergence and the degree of openess: the case of selected Muslim countries
title_short	Income convergence and the degree of openess: the case of selected Muslim countries
title_full	Income convergence and the degree of openess: the case of selected Muslim countries
title_fullStr	Income convergence and the degree of openess: the case of selected Muslim countries
title_full_unstemmed	Income convergence and the degree of openess: the case of selected Muslim countries
title_sort	income convergence and the degree of openess: the case of selected muslim countries
publishDate	2009
url	http://irep.iium.edu.my/6686/ http://irep.iium.edu.my/6686/ http://irep.iium.edu.my/6686/1/Income_Convergence_and_the_Degree_of_Openess_-_The_Case_of_Selected_Muslim_Countries.pdf
first_indexed	2023-09-18T20:15:47Z
last_indexed	2023-09-18T20:15:47Z
_version_	1777407778147532800

Income convergence and the degree of openess: the case of selected Muslim countries

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