Unit roots in macroeconomic time series: theory, implications, and evidence
Keywords:
time-series models, unit rootsAbstract
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.Downloads
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: 22 dec. 2024.
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