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Testing for structural change in panel data: GDP growth, consumption growth, and productivity growth

Author

Listed:
  • Jamie Emerson

    (Clarkson University)

  • Chihwa Kao

    (Syracuse University)

Abstract

In this paper we first estimate the growth rates of real per capita GDP, real per capita Consumption, and Productivity (real GDP per worker) for the following panels of countries: (1) OPEC countries, (2) industrialized countries, and (3) based on geographic location. We then test for a structural change in the growth rates for each group and also attempt to identify the change point for each group. If there is a significant change, then the growth rates are estimated before and after the break for comparison. It is found that industrial countries, in general, experienced slowdowns in growth in the early 1970s, whereas less developed countries also experienced slowdowns in growth, but the timing of the slowdowns was in the mid to late 1970s.

Suggested Citation

  • Jamie Emerson & Chihwa Kao, 2006. "Testing for structural change in panel data: GDP growth, consumption growth, and productivity growth," Economics Bulletin, AccessEcon, vol. 3(14), pages 1-12.
    • Handle: RePEc:ebl:ecbull:eb-06c20009
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    File URL: http://www.accessecon.com/pubs/EB/2006/Volume3/EB-06C20009A.pdf
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    Cited by:

    1. Mario Cerrato & Christian De Peretti & Nick Sarantis, 2007. "A nonlinear panel unit root test under cross section dependence," Documents de recherche 07-12, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    2. Ludwig, Markus, 2012. "The Visible Hand: National Oil Companies, Oil Supply and the Ermergence of the Hotelling Rent," Working papers 2012/11, Faculty of Business and Economics - University of Basel.

    More about this item

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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