Unit roots in macroeconomic time series: theory, implications, and evidence

Authors

  • Gilberto Libânio

Keywords:

time-series models, unit roots

Abstract

The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in  GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature.

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Published

2009-06-03

How to Cite

LIBÂNIO, G. Unit roots in macroeconomic time series: theory, implications, and evidence. Nova Economia, [S. l.], v. 15, n. 3, 2009. Disponível em: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461. Acesso em: 18 jul. 2024.

Issue

Vol. 15 No. 3 (2005)

Section

Regular Issue

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