Is per capita real GDP stationary in China? More powerful nonlinear (logistic) unit root tests
In this study, we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the time-series properties of real gross domestic product for 25 Chinese provinces for the period 1952 to 1998. We strongly reject the null of unit root process for over half the provinces. These empirical results have important policy implications for China.
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Volume (Year): 17 (2010)
Issue (Month): 14 ()
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