Are per capita real GDP series in African countries non-stationary or nonlinear? What does Empirical Evidence Reveal?

Vasudeva N. R. Murthy, Emmanuel Anoruo

Research output: Contribution to journalArticle

5 Citations (Scopus)

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 languageEnglish
Pages (from-to)2492-2504
Number of pages13
JournalEconomics Bulletin
Volume29
Issue number4
StatePublished - 2009

Fingerprint

Empirical evidence
Real GDP
African countries
Mean reversion
Policy implications
Economic development
Unit root tests
Long period
Testing

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

Are per capita real GDP series in African countries non-stationary or nonlinear? What does Empirical Evidence Reveal? / Murthy, Vasudeva N. R.; Anoruo, Emmanuel.

In: Economics Bulletin, Vol. 29, No. 4, 2009, p. 2492-2504.

Research output: Contribution to journalArticle

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