TY  - SER
AU  - Libanio,Gilberto A.
TI  - Unit roots in macroeconomic time series: theory, implications, and evidence / 
U1  - 339 20
KW  - TEORIA ECONOMICA
KW  - unescot
KW  - DOCTRINA ECONOMICA
KW  - SISTEMA ECONOMICO
KW  - PENSAMIENTO ECONOMICO
KW  - mpirdes
KW  - MACROECONOMIA
KW  - ECONOMIA
N2  - The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature
UR  - http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512005000300006
UR  - http://biblioteca.unm.edu.ar/libros/unit.pdf
ER  -