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Are G7 per capita real GDP levels non-stationary, 1870–2001?

journal contribution
posted on 2007-08-01, 00:00 authored by Paresh Narayan
In this paper we examine whether or not G7 per capita income can be classified as a stationary process using data for over a century. The unit root null hypothesis is tested using the recently developed Lagrange multiplier test which allows for at most two structural breaks. We are able to reject the unit root null hypothesis for all the countries at the 5 percent level or better, except for Italy and Germany.

History

Journal

Japan and the world economy

Volume

19

Pagination

374 - 379

Location

Amsterdam, The Netherlands

ISSN

0922-1425

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2006, Elsevier B.V.

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