Unit roots and multiple structural breaks in real output: How long does an economy remain stationary?
Utilizing resampling methods, we present evidence on the rejection probabilities for difference-stationary and trend-stationary models for Mexico's real and real per capita annual gross domestic product. The trend stationary alternative allows for stationary fluctuations around a long-run trend...
| Autores: | , |
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| Tipo de documento: | artigo |
| Estado: | Versão publicada |
| Data de publicação: | 1999 |
| País: | México |
| Recursos: | EL COLEGIO DE MÉXICO |
| Repositório: | Estudios Económicos de El Colegio de México |
| Idioma: | inglês |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/226 |
| Acesso em linha: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/226 |
| Access Level: | Acceso aberto |
| Palavra-chave: | difference-stationary trend-stationary product modelos estacionarios modelos en tendencia producción |
| Resumo: | Utilizing resampling methods, we present evidence on the rejection probabilities for difference-stationary and trend-stationary models for Mexico's real and real per capita annual gross domestic product. The trend stationary alternative allows for stationary fluctuations around a long-run trend function with endogenously determined multiple structural breaks, via global and sequential search methods. The number of breaks is determined using a unit-root rejection stopping rule and a parameter-constancy stopping rule. |
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