Narayan, Paresh Kumar; Narayan, Seema - In: International Review of Applied Economics 24 (2010) 6, pp. 649-664
There is a large literature that tests the univariate time series properties of the real output series following the seminal work of Nelson and Plosser (1982). Whether or not real output is characterized by a unit root process has important implications. A unit root in real output, for instance,...