Harvey, David; Leybourne, Stephen; Newbold, Paul - In: Applied Economics 35 (2003) 2, pp. 163-177
The balanced growth and neoclassical stochastic growth literatures imply stationarity of certain macroeconomic 'great ratios'. Four such ratios are considered: consumption:output, investment:output, the real interest rate and real money supply growth, and evidence for ratio stationarity in the...