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来源类型Working Paper
规范类型报告
DOI10.3386/w6397
来源IDWorking Paper 6397
Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks
Dan Ben-David; Robin L. Lumsdaine; David H. Papell
发表日期1998-02-01
出版年1998
语种英语
摘要This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries approximately 50% more rejections than in models that allow for only one break. While about half of the countries exhibit slowdowns following their postwar breaks, the others have grown along paths that have become steeper over the past 120 years. The majority of the countries, including most of the slowdown countries, exhibit faster growth after their second breaks than during the decades preceding their first breaks.
主题Econometrics ; Estimation Methods ; Development and Growth ; Country Studies
URLhttps://www.nber.org/papers/w6397
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/563911
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Dan Ben-David,Robin L. Lumsdaine,David H. Papell. Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks. 1998.
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