Are the real GDP series in Asian countries nonstationary or nonlinear stationary?

Jannati Nurun Nahar, Sultana Nayeem and Rayhan Md Israt
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Jannati Nurun Nahar: University of Dhaka
Sultana Nayeem: University of Dhaka
Rayhan Md Israt: University of Dhaka

Russian Journal of Agricultural and Socio-Economic Sciences, 2013, vol. 18, issue 6, 8-14

Abstract: This paper checks whether per capita real gross domestic product (GDP) series in 16 Asian countries are nonstationary or nonlinear and globally stationary during the period from 1970 to 2009, by applying the nonlinear unit root tests developed by Kapitanios, Shin and Snell (2003). In five out of the sixteen countries that is approximately one-third of the countries, the series are found to be stationary with asymmetric or nonlinear mean reversion. Analyses depict that nonlinear unit root test are suitable for some cases compare to the commonly used unit root test, Augmented Dickey-Fuller (ADF) and Dickey-Fuller Generalized Least Square (DF-GLS) tests.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scn:031261:14500236

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