Trend und Zyklus im Bruttoinlandsprodukt der Bundesrepublik Deutschland. Eine Anmerkung / Trends and Cycles in Germany’s Real Gross Domestic Product. A Note

Meier Carsten-Patrick ()
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Meier Carsten-Patrick: Institut für Weltwirtschaft an der Universität Kiel, D-24105 Kiel. Tel.: 04 31/8814-2 67, Fax: 04 31/8814-5 25

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2001, vol. 221, issue 2, 168-178

Abstract: This note shows that German real GDP follows a trendstationary process. Both tests which have trendstationarity as the alternative hypothesis as well as tests that have it under the null hypothesis prefer the trendstationary model. Explicit consideration of breaks in the trend is not necessary to obtain this result. The trend-stationary model with breaks is, however, advantageous for trend-cycle decompositions.

Keywords: Trends; business cycles; stationarity; structural change; Trend; Konjunkturzyklus; Stationarität; Strukturbrüche; Trends; business cycles; stationarity; structural change (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:221:y:2001:i:2:p:168-178

DOI: 10.1515/jbnst-2001-0204

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