Unit roots, persistence, and the measurement of prewar output series

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.;
Bibliographische Detailangaben
Link(s) zu Dokument(en):IHS Publikation
1. Verfasser: Jäger, Albert
Format: IHS Series NonPeerReviewed
Sprache:Englisch
Veröffentlicht: institut fuer hoehere studien 1989
Beschreibung
Zusammenfassung: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.;