Is real GDP stationary? Evidence from a panel unit root test with cross-sectional dependence and historical data

dc.contributor
Universitat Rovira i Virgili. Departament d'Economia
dc.contributor
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
dc.contributor.author
Aslanidis, Nektarios
dc.contributor.author
Fountas, Stilianos
dc.date.accessioned
2012-03-12T16:50:39Z
dc.date.accessioned
2024-12-10T13:29:13Z
dc.date.available
2012-03-12T16:50:39Z
dc.date.available
2024-12-10T13:29:13Z
dc.date.created
2012
dc.date.issued
2012
dc.identifier.uri
http://hdl.handle.net/2072/181404
dc.description.abstract
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
eng
dc.format.extent
10 p.
cat
dc.language.iso
eng
cat
dc.publisher
Universitat Rovira i Virgili. Departament d'Economia
cat
dc.relation.ispartofseries
Documents de treball del Departament d'Economia;2012-02
dc.rights
info:eu-repo/semantics/openAccess
dc.rights
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/
dc.source
RECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.other
Producte Interior Brut
cat
dc.title
Is real GDP stationary? Evidence from a panel unit root test with cross-sectional dependence and historical data
cat
dc.type
info:eu-repo/semantics/workingPaper
cat
dc.subject.udc
33
cat
dc.embargo.terms
cap
cat


Documents

201202.pdf

167.5Kb PDF

This item appears in the following Collection(s)