Is there a permanent component in US real GDP

被引：5

作者：

Strauss, J ^{[1
]}

机构：

[1] St Louis Univ, Dept Econ, St Louis, MO 63108 USA

来源：

ECONOMICS LETTERS | 2000年 / 66卷 / 02期

关键词：

panel unit root tests; real GDP; US real income;

D O I：

10.1016/S0165-1765(99)00227-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using three recent panel unit root methodologies, we strongly reject the unit root hypothesis for real per capita income for the 48 contiguous states from 1929 to 1995. The rate of convergence is sensitive to assumptions of the heterogeneity of the intercept, first order autoregressive coefficients, lag length and accommodating for a trend break after the 1973 oil shock. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：137 / 142

页数：6

共 10 条

[1] PURCHASING POWER PARITY IN THE LONG-RUN [J].