caa a22 4500 467896143 CHVBK 20180406152804.0 cr unu---uuuuu 170328e20060901xx s 000 0 eng 10.1007/s00181-005-0034-5 doi (NATIONALLICENCE)springer-10.1007/s00181-005-0034-5 Christopoulos Dimitris Department of Economic and Regional Development, Panteion University, Leof. Syngrou 136, 17671, Athens, Greece aut Does a non-linear mean reverting process characterize real GDP movements? [Elektronische Daten] [Dimitris Christopoulos] This paper uses non-linear models to investigate non-stationarity of real GDP per capita for seven OECD countries over the period 1900-2000. Unit root tests based on non-linear models are more powerful than traditional ADF statistics in rejecting the null unit root hypothesis. Empirical results show that, contrary to what the linear ADF statistics suggest, stationarity characterizes five out of the seven countries. This finding stands at variance with other recent studies which conclude that movements in real GDP per capita can be characterized as a non-stationary process. Springer-Verlag, 2006 Unit root tests nationallicence Non-linear models nationallicence Real GDP nationallicence Empirical Economics Physica-Verlag 31/3(2006-09-01), 601-611 0377-7332 31:3<601 2006 31 181 https://doi.org/10.1007/s00181-005-0034-5 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-005-0034-5 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Christopoulos Dimitris Department of Economic and Regional Development, Panteion University, Leof. Syngrou 136, 17671, Athens, Greece aut NATIONALLICENCE 773 0- Empirical Economics Physica-Verlag 31/3(2006-09-01), 601-611 0377-7332 31:3<601 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer