Raíces unitarias y múltiples rupturas estructurales en la producción real: ¿Cuánto tiempo permanece estacionaria una economía?
Utilizing resampling methods, we present evidence on the rejection probabilities for difference-stationary and trend-stationary models for Mexico's real and real per capita annual gross domestic product. The trend stationary alternative allows for stationary fluctuations around a long-run trend...
| Autores principales: | , |
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| Formato: | Online |
| Idioma: | inglés |
| Editor: |
El Colegio de México, A.C.
1999
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| Materias: | |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/226 |
| Revista: |
Estudios Económicos |
| Sumario: | Utilizing resampling methods, we present evidence on the rejection probabilities for difference-stationary and trend-stationary models for Mexico's real and real per capita annual gross domestic product. The trend stationary alternative allows for stationary fluctuations around a long-run trend function with endogenously determined multiple structural breaks, via global and sequential search methods. The number of breaks is determined using a unit-root rejection stopping rule and a parameter-constancy stopping rule. |
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