Is Per Capita Real GDP Stationary in African Countries? Evidence from Panel SURADF Test
學年 95
學期 1
出版（發表）日期 2006-12-01
作品名稱 Is Per Capita Real GDP Stationary in African Countries? Evidence from Panel SURADF Test
作品名稱（其他語言）
著者 Chang, Tsangyao; Chang, Hsu-ling; Chu, Hsiao-ping; Su, Chi-wei
單位 淡江大學國際貿易學系暨國際企業研究所
出版者 Abingdon: Routledge
著錄名稱、卷期、頁數 Applied Economics Letters 13(15), pp.1003-1008
摘要 This note uses the newly developed panel SURADF tests advanced by Breuer et al . (2001) to investigate the time-series properties of real GDP for 47 African countries for the period 1980 to 2004. While the other Panel-based unit root tests are joint tests of a unit root for all members of the panel and are incapable of determining the mix of I(0) and I(1) series in the panel setting, the Panel SURADF tests a separate unit-root null hypothesis for each individual panel member and, therefore identifies how many and which series in the panel are stationary processes. The empirical results from several panel-based unit root tests indicate that the per capita real GDP for all the countries studied are non-stationary, however, when Breuer et al .'s Panel SURADF tests are conducted, one finds unit root in per capita real GDP only exist in two-third of countries studied. These results have important policy implications for African countries.
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ISSN 1350-4851
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