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Is Asian per capita GDP panel stationary?

journal contribution
posted on 2008-06-01, 00:00 authored by Paresh Narayan
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.

History

Journal

Empirical economics

Volume

34

Issue

3

Pagination

439 - 449

Publisher

Physica-Verlag

Location

Vienna, Austria

ISSN

0377-7332

eISSN

1435-8921

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2008, Springer-Verlag

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