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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w6397 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w6397 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563911 |
推荐引用方式 GB/T 7714 | Dan Ben-David,Robin L. Lumsdaine,David H. Papell. Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks. 1998. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w6397.pdf(893KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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