The (In)Existence of a Unit Root in Brazilian Gross Domestic Product

This file is part of IDEAS, which uses RePEc data

The (In)Existence of a Unit Root in Brazilian Gross Domestic Product

Author Info

Aguirre, Antonio
Ferreira, Afonso Henriques Borges

Additional information is available for the following registered author(s):

Abstract

This paper challenges the currently accepted view that the Brazilian GDP series is I(1). The known results of the augmented Dickey-Fuller test not rejecting the null of existence of a unit root--and the rejection of the null of stationarity obtained using an alternative test--are credited to the existence of an important structural break in the series which neither of those tests account for. A testing procedure is used here which takes into account one trend break with an endogenously determined date, and gives results which overturn the now prevailing diagnostic. Copyright 2001 by Taylor and Francis Group

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 8 (2001)
Issue (Month): 10 (October)
Pages: 645-47
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:taf:apeclt:v:8:y:2001:i:10:p:645-47

Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/13504851.html

Order Information:
Web: http://www.tandf.co.uk/journals/subscription.html

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Other versions of this item:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Gilberto A. Libanio, 2004. "Unit roots in macroeconomic time series: theory, implications, and evidence," Textos para DiscussÃ£o Cedeplar-UFMG td228, Cedeplar, Universidade Federal de Minas Gerais. [Downloadable!]
Other versions:
- Gilberto Libanio, 2005. "Unit roots in macroeconomic time series: theory, implications, and evidence," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 15(3), pages 145-176, September. [Downloadable!]
Ana Luísa G. Abras & Bráulio L Borges & Rodrigo M. Sekkel, 2004. "Breaking trend, Lagrange multiplier test statistic and the presence of a unit root in the Brazilian gross domestic product," Applied Economics Letters, Taylor and Francis Journals, vol. 11(6), pages 361-364, May. [Downloadable!] (restricted)
Paresh Narayan, 2008. "Is Asian per capita GDP panel stationary?," Empirical Economics, Springer, vol. 34(3), pages 439-449, June. [Downloadable!] (restricted)

Statistics

Access and download statistics

Did you know? IDEAS is not the only service displaying RePEc data. Choose on RePEc which service fits your needs best.

This page was last updated on 2009-12-5.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.