TY - JOUR
T1 - Are G7 per capita real GDP levels non-stationary, 1870-2001?
AU - Narayan, Paresh Kumar
N1 - Copyright:
Copyright 2007 Elsevier B.V., All rights reserved.
PY - 2007/8
Y1 - 2007/8
N2 - In this paper we examine whether or not G7 per capita income can be classified as a stationary process using data for over a century. The unit root null hypothesis is tested using the recently developed Lagrange multiplier test which allows for at most two structural breaks. We are able to reject the unit root null hypothesis for all the countries at the 5 percent level or better, except for Italy and Germany.
AB - In this paper we examine whether or not G7 per capita income can be classified as a stationary process using data for over a century. The unit root null hypothesis is tested using the recently developed Lagrange multiplier test which allows for at most two structural breaks. We are able to reject the unit root null hypothesis for all the countries at the 5 percent level or better, except for Italy and Germany.
KW - Lagrange multiplier unit root test
UR - http://www.scopus.com/inward/record.url?scp=34447648935&partnerID=8YFLogxK
U2 - 10.1016/j.japwor.2006.08.001
DO - 10.1016/j.japwor.2006.08.001
M3 - Article
AN - SCOPUS:34447648935
SN - 0922-1425
VL - 19
SP - 374
EP - 379
JO - Japan and the World Economy
JF - Japan and the World Economy
IS - 3
ER -