IS PER CAPITA REAL GDP STATIONARY IN THE OECD COUNTRIES? EVIDENCE FROM A PANEL UNIT ROOT TEST

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dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorKalyoncu, Huseyin
dc.date.accessioned2024-11-07T13:32:06Z
dc.date.available2024-11-07T13:32:06Z
dc.date.issued2007
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis paper examines the stationarity of real GDP per capita for 27 OECD countries during the period 1950 to 2004. Using ADF unit root test on single time series, it is found that real GDP per capita series of most OECD countries have unit root. This outcome, however, might be due to the generally low power of this test. The aim of this paper is to reconsider this issue by exploiting the extra information provided by the combination of the time-series and cross-sectional data and the subsequent power advantages of panel data unit root tests. We apply the test advocated by Im, Pesaran and Shin (1997). The results overwhelmingly indicate that real GDP per capita series among OECD countries are nonstationary.
dc.identifier.endpage688
dc.identifier.issn0424-7558
dc.identifier.issn1848-9494
dc.identifier.issue11
dc.identifier.startpage680
dc.identifier.urihttps://hdl.handle.net/11480/15230
dc.identifier.volume58
dc.identifier.wosWOS:000445381200002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherHrvatsko Drustvo Ekonomista
dc.relation.ispartofEkonomski Pregled
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241106
dc.subjectReal GDP per capita
dc.subjectStationary
dc.subjectPanel Unit root tests
dc.titleIS PER CAPITA REAL GDP STATIONARY IN THE OECD COUNTRIES? EVIDENCE FROM A PANEL UNIT ROOT TEST
dc.typeArticle

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