Are output fluctuations transitory? New evidence from twenty four Chinese provinces

Narayan, Paresh Kumar 2004, Are output fluctuations transitory? New evidence from twenty four Chinese provinces, Pacific economic review, vol. 9, no. 4, pp. 327-336.

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Title Are output fluctuations transitory? New evidence from twenty four Chinese provinces
Author(s) Narayan, Paresh Kumar
Journal name Pacific economic review
Volume number 9
Issue number 4
Start page 327
End page 336
Publisher Blackwell Asia Publishing
Place of publication Richmond, Vic.
Publication date 2004-12
ISSN 1361-374X
1468-0106
Summary The fact that an occurrence of a unit root in real output is inconsistent with the notion that business cycles are stationary fluctuations around a deterministic trend makes this an important topic for empirical investigation. We examine this issue for 24 Chinese provinces using the recently developed Lagrange multiplier panel unit root test which allows for a structural break. Our main finding is that real gross domestic product (GDP) and real GDP per capita for Chinese provinces are stationary fluctuations around a deterministic trend.
Language eng
Field of Research 140302 Econometric and Statistical Methods
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024653

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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