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) |
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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)