Is Per Capita Real GDP Stationary? Evidence from Selected African Countries Based on More Powerful Nonlinear (Logistic) Unit Root Tests

Tsangyao Chang, Ching-Chun Wei () and Chien-Chung Nieh ()
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Ching-Chun Wei: Department of Finance, Providence University, Taichung, Taiwan
Chien-Chung Nieh: Department of Banking and Finance, Tamkang University, Taipei Taiwan

Economics Bulletin, 2005, vol. 3, issue 24, 1-9

Abstract: In this study we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the time-series propertities of per capita real GDP for 26 selected African countries for the period 1960-2000. We strongly reject the null of unit root process for over one-third the countries. These empirical results have important policy implications for selected African countries.

JEL-codes: C2 (search for similar items in EconPapers)
Date: 2005-05-04
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Citations: View citations in EconPapers (12)

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