Abstract
This paper extends the applied time series literature in economic development, by testing whether the per capita real GDP time series in 27 African countries are non-stationary or non-linear and globally stationary over the relatively long period from 1960 to 2007. Using the non-linear unit root tests developed recently by Kapetanios, Shin and Snell (2003) the results show that in one-third of the countries, the series are stationary with non-linear mean reversion. Policy implications are indicated.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 2492-2504 |
| Number of pages | 13 |
| Journal | Economics Bulletin |
| Volume | 29 |
| Issue number | 4 |
| State | Published - Dec 1 2009 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
Fingerprint Dive into the research topics of 'Are per capita real GDP series in African countries non-stationary or nonlinear? What does Empirical Evidence Reveal?'. Together they form a unique fingerprint.
Cite this
Murthy, V. N. R., & Anoruo, E. (2009). Are per capita real GDP series in African countries non-stationary or nonlinear? What does Empirical Evidence Reveal? Economics Bulletin, 29(4), 2492-2504.