Abstract:

The main purpose of the countries in economic terms is to provide economic growth. In this framework, countries were categorized within the framework of their economic growth and development, and underdeveloped and developing countries have always tended to reach the category of developed countries. The convergence hypothesis, which is based on the neoclassical growth model, has also been developed to explain this trend.Convergence hypothesis is a concept defined on foresight that low-income countries grow at a high rate than relatively highincome countries and over time the revenues of the two sides converge. The hypothesis suggests that if the mentioned convergence phenomenon occurs, the developing countries reach the developed country category. At this point, in this study, the concept of convergence in the proses of economic growth for Turkey as a developing country is found significant and convergence hypothesis are intended to be tested empirically for Turkey economy. In the study investigating the convergence of Turkey’s GDP to G7 country group’s GDP is used extended version of Dickey Fuller unit root test ADF introduced by Dickey and Fuller (1979), one break and two break LM unit root test developed by Strazicizh (2003,2004). In addition to these tests, the extended unit root test RALS-LM with residue recommended by Meng et.al. (2014) was used.Result of the study for the period, it was determined not to be the relationship of convergence between the G7 group and Turkey.

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