The US real GNP is trend-stationary after all

dc.contributor.authorOmay, Tolga
dc.contributor.authorGupta, Rangan
dc.contributor.authorBonaccolto, Giovanni
dc.contributor.emailrangan.gupta@up.ac.zaen_ZA
dc.date.accessioned2017-11-30T12:21:34Z
dc.date.issued2017
dc.description.abstractThis article applies the Fractional Frequency Flexible Fourier Form (FFFFF) Dickey–Fuller (DF)-type unit root test on the natural logarithm of US real GNP over the quarterly period of 1875:1–2015:2, to determine whether the same is trend- or difference-stationary. While standard and Integer Frequency Flexible Fourier Form DF-type test fails to reject the null of unit root, the relatively more powerful FFFFF DF-type test provides strong evidence of the real GNP as being trend-stationary, i.e. US output returns to a deterministic log-nonlinear trend in the long run.en_ZA
dc.description.departmentEconomicsen_ZA
dc.description.embargo2018-01-13
dc.description.librarianhj2017en_ZA
dc.description.urihttp://www.tandfonline.com/loi/rael20en_ZA
dc.identifier.citationTolga Omay, Rangan Gupta & Giovanni Bonaccolto (2017) The US real GNP is trend-stationary after all, Applied Economics Letters, 24:8, 510-514, DOI: 10.1080/13504851.2016.1205719.en_ZA
dc.identifier.issn1350-4851 (print)
dc.identifier.issn1466-4291 (online)
dc.identifier.other10.1080/13504851.2016.1205719
dc.identifier.urihttp://hdl.handle.net/2263/63405
dc.language.isoenen_ZA
dc.publisherRoutledgeen_ZA
dc.rights© 2016 Informa UK Limited, trading as Taylor & Francis Group. This is an electronic version of an article published in Applied Economics Letters, vol. 24, no. 8, pp. 510-514, 2017. doi : 10.1080/13504851.2016.1205719. Applied Economics Letters is available online at : http://www.tandfonline.com/loi/rael20 [18 months embargo]en_ZA
dc.subjectFractional frequency flexible Fourier form (FFFFF)en_ZA
dc.subjectStructural breaken_ZA
dc.subjectUnit rooten_ZA
dc.subjectUS real GNPen_ZA
dc.subjectGross national product (GNP)en_ZA
dc.titleThe US real GNP is trend-stationary after allen_ZA
dc.typePostprint Articleen_ZA

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