How sensitive are trends to data definitions? Results for East Asian and G5 countries

Yin-Wong Cheung, Menzie Chinn and Tuan Tran

Applied Economics Letters, 1995, vol. 2, issue 1, 1-6

Abstract: This paper examines whether test results characterizing per capita output as either trend or difference stationary are sensitive to whether output is valued in domestic currency terms, or in some international numeraire, such as the Summers-Heston international dollar. Using the conventional ADF test, and the Kwiatkowsi et al. test with a trend stationary null, we find that for economies such as those of the East Asian countries, the best description of the persistence of the data does depend upon the valuation of output. No such discrepancy is found for the output series of the G5 countries. We conclude that researchers should be extremely cautious about making generalizations regarding the time-series properties of output.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:2:y:1995:i:1:p:1-6

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048595357708

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().