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Is Real Gdp Stationary? Evidence From Some Unit Root Tests For The Advanced Economies

Author

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  • Hanifi FIRAT

    (Faculty of Economics and Administrative Sciences Dep.of Economics, Anadolu University,TURKEY)

Abstract

In this study, some tests (Augmented Dickey - Fuller (ADF), Phillips - Perron (PP), Kwiatkowski, Phillips Schmidt, Shin (KPSS) and Elliot, Rothenberg and Stock (ERS) that allow unit root test was performed firstly in singular sense about the developed countries, and then the IPS tests (Im KS, Pesaran MH, Shin Y (2003)) that allow unit root test in unbalanced panels, and the unit root test Pesaran CADF (2006) that allows panel unit root test in case the horizontal section dependency exists were performed. This study deals with the unit root hypothesis related to the real GDP (Gross Domestic Product) for 35 advanced economies, for the period of 1960 -2011.The results obtained from the unit root tests in applied singular and panel structures suggest that the null hypothesis must not be rejected.

Suggested Citation

  • Hanifi FIRAT, 2016. "Is Real Gdp Stationary? Evidence From Some Unit Root Tests For The Advanced Economies," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 5(2), pages 60-80, DECEMBER.
    • Handle: RePEc:aes:jsesro:v:5:y:2016:i:2:p:60-80
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    References listed on IDEAS

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    More about this item

    Keywords

    Real GDP; Unbalanced Panel Unit Root Tests; Cross Sectional Dependency; First and Second Generation Unit Root Tests;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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