G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1359
DP1359 Technological Convergence and International Trade
Dan Ben-David
发表日期1996-03-18
出版年1996
语种英语
摘要Recent literature has documented the sensitivity of unit root tests to failure to account for structural change. This paper reconsiders international evidence on the unit root hypothesis while allowing for two structural breaks. We find evidence of two breaks in three-quarters of the data, rejecting the unit root hypothesis in 50% more cases than models that allow for only one structural break. Most of the trend breaks are associated with a change in output levels. As the neo-classical growth model predicts, the magnitude of these level changes is shown here to be related to changes in growth rates during the period following the break.
主题International Macroeconomics
关键词Unit root hypothesis trend breaks growth
URLhttps://cepr.org/publications/dp1359
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530504
推荐引用方式
GB/T 7714
Dan Ben-David. DP1359 Technological Convergence and International Trade. 1996.
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