Trend und Zyklus im Bruttoinlandsprodukt der Bundesrepublik Deutschland - eine Anmerkung

Carsten-Patrick Meier

No 993, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This note shows that German real GDP follows a trend-stationary process. Both tests which have trend-stationarity as the alternative hypothesis as well as tests that have it under the null hypothesis prefer the trend-stationary model. Explicit consideration of breaks in the trend is not necessary to obtain this result. The trend-stationary model with breaks is, however, advantageous for trend-cycle decompositions.

Keywords: Konjunkturzyklus; Stationarität; Strukturbrüche Trends; business cycles; stationarity; structural change; Trend (search for similar items in EconPapers)
JEL-codes: C12 C15 C32 E32 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:993

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