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

Author

Listed:
  • 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.

Suggested Citation

  • Kumar Tiwari, Aviral & Shahbaz, Muhammad & Shahbaz Shabbir , Muhammad, 2012. "Is Per Capita GDP Non-linear Stationary in SAARC Countries?," European Economic Letters, European Economics Letters Group, vol. 1(1), pages 1-5.
  • Handle: RePEc:ris:eueclt:0001
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    References listed on IDEAS

    as
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    Cited by:

    1. Chang, Tsangyao & Chu, Hsiao-Ping & Ranjbar, Omid, 2014. "Are GDP fluctuations transitory or permanent in African countries? Sequential Panel Selection Method," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 380-399.

    More about this item

    Keywords

    GDP; Stationarity;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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