IDEAS home Printed from https://ideas.repec.org/p/shs/wpaper/0601.html

Are Real GDP Levels Trend, Difference, or Regime-Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change

Author

Listed:
  • Natalie Hegwood

    (Department of Economics and International Business, Sam Houston State University)

  • David H. Papell

    (Department of Economics, University of Houston)

Abstract

The unit root hypothesis for international real GDP and real GDP per capita has been the subject of extensive investigation. Using panel methods that incorporate structural change, we reject the unit root null in favor of the alternative of trend stationarity with one or two changes in the slope for two panels with postwar data and one or two changes in both the slope and the intercept for a panel with long-horizon data. We conclude that real GDP levels are better characterized as regime-wise trend stationary than as either trend stationary without structural change or difference stationary with unit roots.

Suggested Citation

  • Natalie Hegwood & David H. Papell, 2006. "Are Real GDP Levels Trend, Difference, or Regime-Wise Trend Stationary? Evidence from Panel Data Tests Incorporating Structural Change," Working Papers 0601, Sam Houston State University, Department of Economics and International Business.
    • Handle: RePEc:shs:wpaper:0601
    as

    Download full text from publisher

    File URL: http://www.shsu.edu/academics/economics-and-international-business/documents/wp_series/wp06-01.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Huntington, Hillard, 2025. "Do high power prices slow electrification? Some panel data evidence," Energy Policy, Elsevier, vol. 203(C).
    2. Muhammad Moiz & Şerife Genç Ileri, 2025. "The Relationship Between Firm Formation and Unemployment: Evidence from Türkiye," Economies, MDPI, vol. 13(2), pages 1-22, January.
    3. Jinhua Zhao, 2022. "Aggregate emission intensity targets: Applications to the Paris Agreement," Economic Inquiry, Western Economic Association International, vol. 60(4), pages 1875-1897, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:shs:wpaper:0601. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Raschke (email available below). General contact details of provider: https://edirc.repec.org/data/deshsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.