Abstract
By employing unit root testing and cointegration procedures, this paper is the first study of its kind to present empirical evidence showing higher inflation rate, lower unemployment, and increased real per capita gross domestic product decreased the poverty rate among African American families during the 1966-99 period. The findings, estimated using the Phillips-Hansen fully modified OLS estimator, are also consistent with results obtained using Johansen's maximum likelihood cointegration procedure. Long-run Granger causality, inferred by the estimated error-correction model, suggests that the African American poverty rate is not weakly exogenous and will respond to policy intervention.
| Original language | English |
|---|---|
| Pages (from-to) | 327-333 |
| Number of pages | 7 |
| Journal | Journal of Economics and Finance |
| Volume | 26 |
| Issue number | 3 |
| State | Published - Sep 2002 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Finance
Cite this
Macroeconomy and the well-being of low income African American families. / Murthy, Vasudeva N. R.
In: Journal of Economics and Finance, Vol. 26, No. 3, 09.2002, p. 327-333.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Macroeconomy and the well-being of low income African American families
AU - Murthy, Vasudeva N. R.
PY - 2002/9
Y1 - 2002/9
N2 - By employing unit root testing and cointegration procedures, this paper is the first study of its kind to present empirical evidence showing higher inflation rate, lower unemployment, and increased real per capita gross domestic product decreased the poverty rate among African American families during the 1966-99 period. The findings, estimated using the Phillips-Hansen fully modified OLS estimator, are also consistent with results obtained using Johansen's maximum likelihood cointegration procedure. Long-run Granger causality, inferred by the estimated error-correction model, suggests that the African American poverty rate is not weakly exogenous and will respond to policy intervention.
AB - By employing unit root testing and cointegration procedures, this paper is the first study of its kind to present empirical evidence showing higher inflation rate, lower unemployment, and increased real per capita gross domestic product decreased the poverty rate among African American families during the 1966-99 period. The findings, estimated using the Phillips-Hansen fully modified OLS estimator, are also consistent with results obtained using Johansen's maximum likelihood cointegration procedure. Long-run Granger causality, inferred by the estimated error-correction model, suggests that the African American poverty rate is not weakly exogenous and will respond to policy intervention.
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UR - http://www.scopus.com/inward/citedby.url?scp=77951900508&partnerID=8YFLogxK
M3 - Article
VL - 26
SP - 327
EP - 333
JO - Journal of Economics and Finance
JF - Journal of Economics and Finance
SN - 1055-0925
IS - 3
ER -