Unit roots in macroeconomic time series: theory, implications, and evidence
Autor(a) principal: | |
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Data de Publicação: | 2009 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Nova Economia (Online) |
Texto Completo: | https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461 |
Resumo: | The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature. |
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Nova Economia (Online) |
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Unit roots in macroeconomic time series: theory, implications, and evidenceUnit roots in macroeconomic time series: theory, implications, and evidencetime-series modelsunit rootsmodelos de séries temporaisraízes unitáriasThe theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature.A existência de raízes unitárias em series temporais macroeconômicas tem sido objeto de extensa pesquisa teórica e empírica nas últimas duas décadas. O presente artigo discute algumas das principais questões relacionadas a testes de raízes unitárias, explora algumas implicações para teoria e política macroeconômica, e apresenta a evidencia recente sobre a existência de raízes unitárias em séries de PIB em países da América Latina. O artigo conclui que não se formou um consenso a respeito de várias das questões envolvidas nesse debate.Departamento de Ciências Econômicas da UFMG2009-06-03info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461Nova Economia; Vol. 15 No. 3 (2005)Nova Economia; v. 15 n. 3 (2005)1980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461/457Libânio, Gilbertoinfo:eu-repo/semantics/openAccess2020-08-11T04:26:34Zoai:ojs.pkp.sfu.ca:article/461Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2020-08-11T04:26:34Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false |
dc.title.none.fl_str_mv |
Unit roots in macroeconomic time series: theory, implications, and evidence Unit roots in macroeconomic time series: theory, implications, and evidence |
title |
Unit roots in macroeconomic time series: theory, implications, and evidence |
spellingShingle |
Unit roots in macroeconomic time series: theory, implications, and evidence Libânio, Gilberto time-series models unit roots modelos de séries temporais raízes unitárias |
title_short |
Unit roots in macroeconomic time series: theory, implications, and evidence |
title_full |
Unit roots in macroeconomic time series: theory, implications, and evidence |
title_fullStr |
Unit roots in macroeconomic time series: theory, implications, and evidence |
title_full_unstemmed |
Unit roots in macroeconomic time series: theory, implications, and evidence |
title_sort |
Unit roots in macroeconomic time series: theory, implications, and evidence |
author |
Libânio, Gilberto |
author_facet |
Libânio, Gilberto |
author_role |
author |
dc.contributor.author.fl_str_mv |
Libânio, Gilberto |
dc.subject.por.fl_str_mv |
time-series models unit roots modelos de séries temporais raízes unitárias |
topic |
time-series models unit roots modelos de séries temporais raízes unitárias |
description |
The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature. |
publishDate |
2009 |
dc.date.none.fl_str_mv |
2009-06-03 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461 |
url |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/461/457 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Departamento de Ciências Econômicas da UFMG |
publisher.none.fl_str_mv |
Departamento de Ciências Econômicas da UFMG |
dc.source.none.fl_str_mv |
Nova Economia; Vol. 15 No. 3 (2005) Nova Economia; v. 15 n. 3 (2005) 1980-5381 0103-6351 reponame:Nova Economia (Online) instname:Universidade Federal de Minas Gerais (UFMG) instacron:UFMG |
instname_str |
Universidade Federal de Minas Gerais (UFMG) |
instacron_str |
UFMG |
institution |
UFMG |
reponame_str |
Nova Economia (Online) |
collection |
Nova Economia (Online) |
repository.name.fl_str_mv |
Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG) |
repository.mail.fl_str_mv |
||ne@face.ufmg.br |
_version_ |
1799711057341579264 |