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

  • 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)

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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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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  1. Chris Murray & Charles Nelson, 1998. "The Uncertain Trend in U.S. GDP," Discussion Papers in Economics at the University of Washington 0074, Department of Economics at the University of Washington.
  2. Alba, Joseph D & Papell, David H, 1995. "Trend Breaks and the Unit-Root Hypothesis for Newly Industrializing and Newly Exporting Countries," Review of International Economics, Wiley Blackwell, vol. 3(3), pages 264-74, October.
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  12. Paresh Narayan, 2008. "Is Asian per capita GDP panel stationary?," Empirical Economics, Springer, vol. 34(3), pages 439-449, June.
  13. Vasudeva N. R. Murthy & Emmanuel Anoruo, 2009. "Are Per Capita Real GDP Series in African Countries Non-stationary or Non-linear? What does Empirical Evidence Reveal?," Economics Bulletin, AccessEcon, vol. 29(4), pages 2492-2504.
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