Structural breaks and stochastic trends in macroeconomic variables in Norway
This paper analyses the dynamic properties of several macroeconomic variables in Norway, using different unit root tests and measures of persistence. For none of the variables can we reject the hypothesis of a unit root in favour of a deterministic linear trend alternative. However, when allowing for a structural break in the trend alternative, we can reject the hypothesis of a unit root for unemployment, government consumption, investment and real wage. Most of the Norwegian time series display little persistence. However, for those series that show a high degree of persistence, adjusting for the break in the trend, persistence falls considerably.
Volume (Year): 6 (1999)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:6:y:1999:i:3:p:133-138. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.