How Large is Average Economic Growth? Evidence from a Robust Method

H. Peter Boswijk () and Philip Hans Franses

No 02-002/4, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does not require a formal decision onpotential unit root properties. The method is based on the analysis of eitherdifference-stationary or trend-stationary time series models, implementing the robustbootstrapping procedure advocated in Romano and Wolf (2001). Simulation evidence indicatesthe practical relevance of the method. It is illustrated on quarterly post-war USindustrial production.

Keywords: Growth; Unit root; Robust testing (search for similar items in EconPapers)
JEL-codes: C13 C15 C22 (search for similar items in EconPapers)
Date: 2002-01-22
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://papers.tinbergen.nl/02002.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20020002

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().