標題:Is Per Capita Real GDP Stationary in African Countries? Evidence from Panel SURADF Test |
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學年 | 95 |
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學期 | 1 |
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出版(發表)日期 | 2006/12/01 |
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作品名稱 | Is Per Capita Real GDP Stationary in African Countries? Evidence from Panel SURADF Test |
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作品名稱(其他語言) | |
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著者 | Chang, Tsangyao; Chang, Hsu-ling; Chu, Hsiao-ping; Su, Chi-wei |
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單位 | 淡江大學國際貿易學系暨國際企業研究所 |
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出版者 | Abingdon: Routledge |
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著錄名稱、卷期、頁數 | Applied Economics Letters 13(15), pp.1003-1008 |
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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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關鍵字 | |
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語言 | 英文 |
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ISSN | 1350-4851 |
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產學合作 | |
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國別 | 英國 |
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