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Is Per Capita GDP Non-linear Stationary in SAARC Countries?

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Author Info

  • Kumar Tiwari, Aviral

    (Research scholar and Faculty of Applied Economics, of Management, ICFAI University Tripura, India)

  • Shahbaz, Muhammad

    ()
    (Department of Management Sciences, COMSATS Institute of Information Technology, Lahore, Pakistan)

  • Shahbaz Shabbir , Muhammad

    (University of Illinois at Urbana Champaign, Champaign, USA)

Abstract

Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by economic policies (external or internal) have permanent effect on real per capita GDP of SAARC countries. This finding reveals that classical growth model works better to boost economic growth in long run.

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Bibliographic Info

Article provided by European Economics Letters Group in its journal European Economic Letters.

Volume (Year): 1 (2012)
Issue (Month): 1 ()
Pages: 1-5

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Handle: RePEc:ris:eueclt:0001

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Keywords: GDP; Stationarity;

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  1. Charles Nelson & Christian Murray, 1997. "The Uncertain Trend in U.S. GDP," Computational Economics 9702001, EconWPA.
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