Is real per capita state personal income stationary? New nonlinear, asymmetric panel‐data evidence
- UPSpace Home
- →
- Economic and Management Sciences
- →
- Economics
- →
- Research Articles (Economics)
- →
- View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.
| dc.contributor.author | Emirmahmutoglu, Furkan
|
|
| dc.contributor.author | Gupta, Rangan
|
|
| dc.contributor.author | Miller, Stephen M.
|
|
| dc.contributor.author | Omay, Tolga
|
|
| dc.date.accessioned | 2019-07-17T10:25:48Z | |
| dc.date.issued | 2020-01 | |
| dc.description.abstract | This paper re‐examines the stochastic properties of U.S. state real per capita personal income, using new panel unit‐root procedures. The new developments incorporate non‐linearity, asymmetry, and cross‐sectional correlation within panel‐data estimation. Including nonlinearity and asymmetry finds that 43 states exhibit stationary real per capita personal income whereas including only nonlinearity produces 42 states that exhibit stationarity. Stated differently, we find that two states exhibit nonstationary real per capita personal income when considering nonlinearity, asymmetry, and cross‐sectional dependence. | en_ZA |
| dc.description.department | Economics | en_ZA |
| dc.description.embargo | 2021-06-21 | |
| dc.description.librarian | hj2019 | en_ZA |
| dc.description.uri | http://wileyonlinelibrary.com/journal/boer | en_ZA |
| dc.identifier.citation | Emirmahmutoglu F, Gupta R, Miller SM, Omay T. Is real per capita state personal income stationary? New nonlinear, asymmetric panel-data evidence. Bulletin of Economic Research 2020; 72(1):50-62. https://doi.org/10.1111/boer.12209. | en_ZA |
| dc.identifier.issn | 0307-3378 (print) | |
| dc.identifier.issn | 1467-8586 (online) | |
| dc.identifier.other | 10.1111/boer.12209 | |
| dc.identifier.uri | http://hdl.handle.net/2263/70751 | |
| dc.language.iso | en | en_ZA |
| dc.publisher | Wiley | en_ZA |
| dc.rights | © 2019 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd. This is the pre-peer reviewed version of the following article : Is real per capita state personal income stationary? New nonlinear, asymmetric panel-data evidence. Bulletin of Economic Research, vol. 72, no. 1, pp. 50-62, 2020, doi : 10.1111/boer.12209. The definite version is available at : http://wileyonlinelibrary.com/journal/boer. | en_ZA |
| dc.subject | Asymmetry | en_ZA |
| dc.subject | Cross-sectional dependence | en_ZA |
| dc.subject | Nonlinear | en_ZA |
| dc.subject | Panel unit root | en_ZA |
| dc.subject | Sieve bootstrap | en_ZA |
| dc.title | Is real per capita state personal income stationary? New nonlinear, asymmetric panel‐data evidence | en_ZA |
| dc.type | Postprint Article | en_ZA |
