Unit roots in macroeconomic time series: theory, implications, and evidence
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...
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| Format: | Article |
| Language: | English |
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Universidade Federal de Minas Gerais
2009-06-01
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| Series: | Nova Economia |
| Subjects: | |
| Online Access: | http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461 |
| _version_ | 1818965284384407552 |
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| author | Gilberto Libânio |
| author_facet | Gilberto Libânio |
| author_sort | Gilberto Libânio |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-20T13:14:34Z |
| format | Article |
| id | doaj.art-16d5fbe1885843fd96a848308cea5150 |
| institution | Directory Open Access Journal |
| issn | 0103-6351 |
| language | English |
| last_indexed | 2024-12-20T13:14:34Z |
| publishDate | 2009-06-01 |
| publisher | Universidade Federal de Minas Gerais |
| record_format | Article |
| series | Nova Economia |
| spelling | doaj.art-16d5fbe1885843fd96a848308cea51502022-12-21T19:39:34ZengUniversidade Federal de Minas GeraisNova Economia0103-63512009-06-01153455Unit roots in macroeconomic time series: theory, implications, and evidenceGilberto LibânioThe 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.http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461modelos de séries temporais, raízes unitárias, |
| spellingShingle | Gilberto Libânio Unit roots in macroeconomic time series: theory, implications, and evidence Nova Economia modelos de séries temporais, raízes unitárias, |
| title | Unit roots in macroeconomic time series: theory, implications, and evidence |
| title_full | Unit roots in macroeconomic time series: theory, implications, and evidence |
| title_fullStr | Unit roots in macroeconomic time series: theory, implications, and evidence |
| title_full_unstemmed | Unit roots in macroeconomic time series: theory, implications, and evidence |
| title_short | Unit roots in macroeconomic time series: theory, implications, and evidence |
| title_sort | unit roots in macroeconomic time series theory implications and evidence |
| topic | modelos de séries temporais, raízes unitárias, |
| url | http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461 |
| work_keys_str_mv | AT gilbertolibanio unitrootsinmacroeconomictimeseriestheoryimplicationsandevidence |