Title:
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Is real GDP stationary? Evidence from a panel unit root test with cross-sectional dependence and historical data
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Author:
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Aslanidis, Nektarios; Fountas, Stilianos
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
Abstract:
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We use historical data that cover more than one century on real GDP for industrial
countries and employ the Pesaran panel unit root test that allows for cross-sectional
dependence to test for a unit root on real GDP. We find strong evidence
against the unit root null. Our results are robust to the chosen group of countries
and the sample period.
Key words: real GDP stationarity, cross-sectional dependence, CIPS test.
JEL Classification: C23, E32 |
Publication date:
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2012 |
Subject (UDC):
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33 - Economia |
Subject(s):
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Producte Interior Brut |
Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
Pages:
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10 p. |
Document type:
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Working Paper |
Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2012-02
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