Are the consumption/output and investment/output ratios stationary? An international analysis
This paper analyses the integration order of the consumption/output and investment/output ratios for a group of the most important OECD countries. Results show that these ratios can exhibit some structural breaks. Thus, the use of those statistics which do not take into account the presence of breaks leads to the acceptance of the unit root null hypothesis. A clear increase in the number of rejections of the unit root null hypothesis is found when these structural breaks are included in the model specification.
If you experience problems downloading a file, check if you have the proper application to view it first. 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.
Volume (Year): 6 (1999)
Issue (Month): 10 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|