Is per capita real GDP stationary in China? More powerful nonlinear (logistic) unit root tests

被引:5
|
作者
Chang, Tsangyao [2 ]
Ho, Yuan-Hong [3 ]
Caudill, Steven B. [1 ]
机构
[1] Rhodes Coll, Dept Econ & Business, Memphis, TN 38112 USA
[2] Feng Chia Univ, Dept & Grad Inst Econ, Taichung 40724, Taiwan
[3] Feng Chia Univ, Dept & Grad Inst Publ Finance, Taichung 40724, Taiwan
关键词
TIME-SERIES; TRENDS;
D O I
10.1080/13504850903007567
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this study, we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the time-series properties of real gross domestic product for 25 Chinese provinces for the period 1952 to 1998. We strongly reject the null of unit root process for over half the provinces. These empirical results have important policy implications for China.
引用
收藏
页码:1347 / 1349
页数:3
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