Unit roots in macroeconomic time series: theory, implications, and evidence

Gilberto Libanio

Nova Economia, 2005, vol. 15, issue 3, 145-176

Abstract: The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature.

Keywords: time-series models; unit roots; business fluctuations (search for similar items in EconPapers)
JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (36)

Downloads: (external link)
http://www.face.ufmg.br/novaeconomia/sumarios/v15n3/150306.pdf (application/pdf)
http://www.scielo.br/scielo.php?script=sci_pdf&pid ... g=pt&nrm=iso&tlng=en (application/pdf)

Related works:
Working Paper: Unit roots in macroeconomic time series: theory, implications, and evidence (2004)
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:nov:artigo:v:15:y:2005:i:3:p:145-176

Ordering information: This journal article can be ordered from
Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
https://revistas.fac ... dex.php/novaeconomia

Access Statistics for this article

Nova Economia is currently edited by Gustavo de Britto Rocha

More articles in Nova Economia from Economics Department, Universidade Federal de Minas Gerais (Brazil) Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Lucas Resende de Carvalho ().