Are shocks to national income persistent? New global evidence
Data(s) |
01/01/2011
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Resumo |
<b>Purpose –</b> This paper aims to investigate the integrational properties of real GDP for 125 countries<br />.<br /><b>Design/methodology/approach –</b> The paper applies the Kwiatkowski et al. univariate test and a KPSS-type univariate test that accounts for multiple structural breaks – a test procedure proposed by Carrion-i-Silvestre et al. The panel versions of the KPSS-type test, proposed by Carrion-i-Silvestre et al. with and without structural breaks, are also applied.<br /><br /><b>Findings –</b> The paper finds that, while univariate tests with and without structural breaks provide mixed results on persistence, the panel test suggests that shocks to national output are persistent.<br /><br /><b>Originality/value –</b> This is a multi-country study that focuses on both developed and developing countries and uses more recent data to provide new and comparable evidence on the persistence of output.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Emerald Group Publishing |
Relação |
http://dro.deakin.edu.au/eserv/DU:30040249/narayan-areshocks-2011.pdf http://dro.deakin.edu.au/eserv/DU:30040249/narayan-areshocks-evidence-2011.pdf http://dx.doi.org/10.1108/01443581111128433 |
Direitos |
2011, Emerald Group Publishing Limited |
Palavras-Chave | #Breaks #Gross domestic product #Developing countries |
Tipo |
Journal Article |