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Unit roots and multiple structural breaks in real output

Author

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  • Antonio E. Noriega

    (Universidad de Guanajuato)

  • Araceli Ramírez-Zamora

    (Universidad de Guanajuato)

Abstract

Utilizing re-sampling. Methods, we present evidence on the rejection probabilities for difference-stationary and trend-stationary models for Mexico’s real and real per-capita annual gross domestic product. The trend stationary alternative allows for stationary fluctuations around a long-run trend function with endogenously determined multiple structural breaks, via global and sequential search methods. The number of breaks is determined using a unit-root rejection stopping rule and a parameter-constancy stopping rule.

Suggested Citation

  • Antonio E. Noriega & Araceli Ramírez-Zamora, 1999. "Unit roots and multiple structural breaks in real output," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 14(2), pages 163-188.
    • Handle: RePEc:emx:esteco:v:14:y:1999:i:2:p:163-188
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/226/228
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    Cited by:

    1. Antonio E. Noriega & Lorena Medina, 2003. "Quasi purchasing power parity: Structural change in the Mexican peso/us dollar real exchange rate," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 18(2), pages 227-236.
    2. Ame Bergés & Valpy Fitzgerald, 2005. "Endogenous Growth and Exogenous Shocks in Latin America During the Twentieth Century," Economics Series Working Papers 2005-W57, University of Oxford, Department of Economics.
    3. Pablo Astorga & Ame R. Bergés & Valpy Fitzgerald, 2005. "Endogenous Growth and Exogenous Shocks in Latin America During the Twentieth Century," Oxford Economic and Social History Working Papers _057, University of Oxford, Department of Economics.
    4. Noriega Antonio E. & Rodríguez-Pérez Cid Alonso, 2011. "Stationarity, structural breaks, and economic growth in Mexico: 1895-2008," Working Papers 2011-11, Banco de México.

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