Is per capita real GDP stationary in the OECD countries? Evidence from a panel unit root test

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dc.contributor.authorOzturk I.
dc.contributor.authorKalyoncu H.
dc.date.accessioned2019-08-01T13:38:39Z
dc.date.available2019-08-01T13:38:39Z
dc.date.issued2007
dc.departmentNiğde ÖHÜ
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.issue11
dc.identifier.scopus2-s2.0-38049082008
dc.identifier.scopusqualityQ4
dc.identifier.startpage680
dc.identifier.urihttps://hdl.handle.net/11480/1189
dc.identifier.volume58
dc.indekslendigikaynakScopus
dc.institutionauthor[0-Belirlenecek]
dc.language.isoen
dc.relation.ispartofEkonomski Pregled
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectPanel Unit root tests
dc.subjectReal GDP per capita
dc.subjectStattonary
dc.titleIs per capita real GDP stationary in the OECD countries? Evidence from a panel unit root test
dc.typeArticle

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