unit roots, persistence, and the measurement of prewar output series
abstract: recent studies find that u.s. real gnp for 1869-1929 has no unit root. the note presents monte carlo evidence showing that linear trend interpolation used for constructing prewar gnp series may be responsible for this finding.;| Link(s) zu Dokument(en): | IHS Publikation |
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| 1. Verfasser: | |
| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
institut fuer hoehere studien
1989
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| Zusammenfassung: | abstract: recent studies find that u.s. real gnp for 1869-1929 has no unit root. the note presents monte carlo evidence showing that linear trend interpolation used for constructing prewar gnp series may be responsible for this finding.; |
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