Ventosa-Santaularia, Daniel; Noriega, Antonio E. - Society for Computational Economics - SCE - 2005
individual series follows a stationary process around a trend with (possibly) multiple breaks in its level and slope. We develop … contrast to previous findings, the spurious relationship is less severe when breaks are present, whether or not the regression … regression is sensitive to the presence of a linear trend and to the relative locations of the breaks within the sample …