Unit Roots Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks
Dan Ben-David (),
L.R. Lumsdaine and
David Papell ()
Working Papers from Tel Aviv
This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject unit root hypothesis for three-quarters of the countries - approximately 50% more rejections than in models that allow for only one break.
Keywords: UNIT ROOTS; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: C20 C22 (search for similar items in EconPapers)
Pages: 16 pages
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Journal Article: Unit roots, postwar slowdowns and long-run growth: Evidence from two structural breaks (2003)
Working Paper: Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:33-96
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