Franses, Philip Hans; Boswijk, Boswijk, H.P. - Faculteit der Economische Wetenschappen, Erasmus … - 2001
We discuss a method to estimate the confidence bounds for average economic growth, which is robust to misspecification of the unit root property of a given time series. We derive asymptotic theory for the consequences of such misspecification. Our empirical method amounts to an implementation of...