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Design/Methodology/Approach – For the Eurozone countries, the presence of convergence is analyzed by panel unit root test with the help of annual change data in consumer price index between 1999-2018. Firstly, the existence of horizontal cross-sectional dependence in the series was examined. After, Hadri-Kurozumi (2012) panel unit root test, one of the second generation unit root tests, was applied.

i̇şletme araştırmaları dergisi

Euro Bölgesi Ülkeleri İçin Enflasyon Yakınsamasının Panel Birim Kök Testi İle İncelenmesi (Analyzing The Inflation Convergence for Eurozone Countries with Panel Unit Root Test)