Documents de treball producció científicaUniversitat Rovira i Virgili. Departament d'Economia

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

  • Identification data

    Identifier:  PC:2164
    Handle: https://hdl.handle.net/20.500.11797/PC2164
    Authors:  Fountas, Stilianos; Aslanidis, Nektarios
    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

  • Others:

    Publisher: Universitat Rovira i Virgili. Departament d'Economia
    Date: 2012
    Identifier: http://hdl.handle.net/2072/181404
    Departament/Institute: Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública, Universitat Rovira i Virgili. Departament d'Economia
    Language: eng
    Author: Fountas, Stilianos, Aslanidis, Nektarios
    Relation: Documents de treball del Departament d'Economia;2012-02
    Source: RECERCAT (Dipòsit de la Recerca de Catalunya)
    Format: 10 p.

  • Keywords:

    33 - Economia
    Producte Interior Brut

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