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Use this identifier to quote or link this document: http://hdl.handle.net/2072/181404

Title:	Is real GDP stationary? Evidence from a panel unit root test with cross-sectional dependence and historical data
Author:	Aslanidis, Nektarios; Fountas, Stilianos
Other authors:	Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
Abstract:	We use historical data that cover more than one century on real GDP for industrial countries and employ the Pesaran panel unit root test that allows for cross-sectional dependence to test for a unit root on real GDP. We find strong evidence against the unit root null. Our results are robust to the chosen group of countries and the sample period. Key words: real GDP stationarity, cross-sectional dependence, CIPS test. JEL Classification: C23, E32
Publication date:	2012
Subject (UDC):	33 - Economia
Subject(s):	Producte Interior Brut
Rights:	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Pages:	10 p.
Document type:	Working Paper
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