Deakin home > Deakin University Library > Deakin Research Online > Are shocks to real output permanent or transitory? Evidence from a panel of Pacific Island countries
Openly accessible

Are shocks to real output permanent or transitory? Evidence from a panel of Pacific Island countries

Mishra, Vinod, Sharma, Susan and Smyth, Russell 2009, Are shocks to real output permanent or transitory? Evidence from a panel of Pacific Island countries, Pacific economic bulletin, vol. 24, no. 1, pp. 65-82.

Attached Files (Some files may be inaccessible until you login with your Deakin Research Online credentials)
Name Description MIMEType Size Downloads
sharma-areshockstorealoutput-2009.pdf Published version application/pdf 460.29KB 4

Title Are shocks to real output permanent or transitory? Evidence from a panel of Pacific Island countries
Author(s) Mishra, Vinod
Sharma, Susan
Smyth, Russell
Journal name Pacific economic bulletin
Volume number 24
Issue number 1
Start page 65
End page 82
Publisher Asia Pacific Press
Place of publication Canberra, A. C. T.
Publication date 2009-11
ISSN 0817-8038
1834-9455
1832-6900
Summary Panel unit root and stationarity tests without structural breaks suggest that for eight Pacific island economies real gross domestic product (GDP) per capita contains a unit root. The panel stationarity test that accommodates structural change in the trend function, however, finds evidence in favour of regimewise trend stationarity. This result points to the importance of taking structural breaks into account. The finding implies that, for the period considered, the permanent secular component of output is dominated by transitory fluctuations accompanied by infrequent changes in the trend function. The only exceptions are Fiji and Kiribati, for which individual stationarity tests with multiple structural breaks suggest that real GDP per capita contains a unit root.
Notes
Every reasonable effort has been made to ensure that permission has been obtained for items included in Deakin Research Online. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au
Language eng
Field of Research 149999 Economics not elsewhere classified
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2009, The Australian National University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30036647

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
Open Access Collection
Connect to link resolver
 
Link to Related Work
 
Unless expressly stated otherwise, the copyright for items in Deakin Research Online is owned by the author, with all rights reserved.

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 1 times in TR Web of Science
Access Statistics: 62 Abstract Views, 4 File Downloads  -  Detailed Statistics
Created: Mon, 15 Aug 2011, 14:46:00 EST