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    题名: Is Per Capita Real GDP Stationary in African Countries? Evidence from Panel SURADF Test
    作者: Chang, Tsangyao;Chang, Hsu-ling;Chu, Hsiao-ping;Su, Chi-wei
    贡献者: 淡江大學國際貿易學系暨國際企業研究所
    日期: 2006-12
    上传时间: 2011-07-28 00:48:59 (UTC+8)
    出版者: Abingdon: Routledge
    摘要: This note uses the newly developed panel SURADF tests advanced by Breuer et al . (2001) to investigate the time-series properties of real GDP for 47 African countries for the period 1980 to 2004. While the other Panel-based unit root tests are joint tests of a unit root for all members of the panel and are incapable of determining the mix of I(0) and I(1) series in the panel setting, the Panel SURADF tests a separate unit-root null hypothesis for each individual panel member and, therefore identifies how many and which series in the panel are stationary processes. The empirical results from several panel-based unit root tests indicate that the per capita real GDP for all the countries studied are non-stationary, however, when Breuer et al .'s Panel SURADF tests are conducted, one finds unit root in per capita real GDP only exist in two-third of countries studied. These results have important policy implications for African countries.
    關聯: Applied Economics Letters 13(15), pp.1003-1008
    DOI: 10.1080/13504850500425881
    显示于类别:[財務金融學系暨研究所] 期刊論文
    [國際企業學系暨研究所] 期刊論文

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