Location of Repository

Are the consumption/output and investment/output ratios stationary? An international analysis

By Jesus Clemente, Antonio Montanes and Montserrat Ponz

Abstract

This paper analyses the integration order of the consumption/output and investment/output ratios for a group of the most important OECD countries. Results show that these ratios can exhibit some structural breaks. Thus, the use of those statistics which do not take into account the presence of breaks leads to the acceptance of the unit root null hypothesis. A clear increase in the number of rejections of the unit root null hypothesis is found when these structural breaks are included in the model specification.

DOI identifier: 10.1080/135048599352510
OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.informaworld.com/op... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.