Real per capita GNP of USA: examination of the presence of a unit root via overdifferencing

Dimitrios Vougas

Applied Economics Letters, 2001, vol. 8, issue 6, 373-375

Abstract: This letter examines the first difference of the logarithm of real per capita GNP of the USA (approximately growth rate) to see whether it possesses a moving average unit root (overdifferencing). The presence of such a moving average unit root implies that the logarithm of real per capita GNP of the USA has no unit root.

Date: 2001
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DOI: 10.1080/13504850010001084

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