Is Asian per capita GDP panel stationary?

Narayan, Paresh Kumar 2008, Is Asian per capita GDP panel stationary?, Empirical economics, vol. 34, no. 3, pp. 439-449, doi: 10.1007/s00181-007-0129-2.

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Title Is Asian per capita GDP panel stationary?
Author(s) Narayan, Paresh Kumar
Journal name Empirical economics
Volume number 34
Issue number 3
Start page 439
End page 449
Publisher Physica-Verlag
Place of publication Vienna, Austria
Publication date 2008-06
ISSN 0377-7332
Keyword(s) structural breaks
panel stationarity
Asian countries
Summary The goal of this paper is to examine whether per capita GDP for 15 Asian countries is panel stationary. We apply a panel test for stationarity that allows for multiple structural breaks developed by Carrion-i-Silvestre et al. (Econ J 8: 159–179, 2005). Our main findings are: (1) when we apply conventional tests, such as the ADF and KPSS univariate tests without structural breaks, we find little evidence for stationarity; (2) when we apply the KPSS univariate test with multiple structural breaks, we find evidence of stationarity for 10 out of 15 countries; and (3) when we apply the KPSS panel test with multiple structural breaks, we find overwhelming evidence of panel stationarity of per capita real GDP for different panels of Asian countries.
Language eng
DOI 10.1007/s00181-007-0129-2
Field of Research 140202 Economic Development and Growth
HERDC Research category C1.1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Springer-Verlag
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Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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