Unit roots in macroeconomic time series: theory, implications, and evidence

Detalhes bibliográficos
Autor(a) principal: Libânio, Gilberto
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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spelling 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

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