Is Per Capita Real GDP Stationary in G-7 Countries? New Evidence from A Fourier Panel Unit Root Test

Tunahan Hacıimamoğlu

doi:10.37880/cumuiibf.948351

EN TR

Is Per Capita Real GDP Stationary in G-7 Countries? New Evidence from A Fourier Panel Unit Root Test

Abstract

The stability of macroeconomic variables and whether the impact of a shock on these variables is permanent or temporary is important for policy-makers and researchers. As an indicator of growth and prosperity, gross domestic product (GDP) is among the important macroeconomic variables. After all, due to the advantages of current panel data analysis techniques over conventional methods, it is important to use the aforementioned methods in analyzing the existence of unit-root for GDP. Accordingly, the aim of this study is to investigate whether per capita real GDP in G-7 countries followed a stationary process between 1970-2019 with a stronger unit-root test (BCIPS) that takes into consideration cross-section dependence, multi-factor structure, and structural changes. Empirical results reveal that per capita real GDP for G-7 countries has a stationary structure. In this context, it has been determined that the impact of a shock on per capita real GDP is temporary in G-7 countries, therefore, by means of monetary or fiscal policy instruments, it is not necessary to intervene in fluctuations occurring the output level.

Keywords

Destekleyen Kurum

Çalışma herhangi bir kurum tarafından desteklenmemektedir.

Teşekkür

Çalışmalarıma sunduğu katkılardan dolayı Doç. Dr. Salih TÜREDİ ve Arş. Gör. Harun SARAÇ'a şükranlarımı arz ederim.

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Tunahan Hacıimamoğlu ^*
0000-0003-1474-8506
Türkiye

Yayımlanma Tarihi

8 Kasım 2021

Gönderilme Tarihi

5 Haziran 2021

Kabul Tarihi

23 Ağustos 2021

Yayımlandığı Sayı

Yıl 1970 Cilt: 22 Sayı: 2

DOI

https://doi.org/10.37880/cumuiibf.948351

IZ

https://izlik.org/JA49JN55EB

Kaynak Göster

RIS / Bibtex

APA

Hacıimamoğlu, T. (2021). Is Per Capita Real GDP Stationary in G-7 Countries? New Evidence from A Fourier Panel Unit Root Test. Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 22(2), 123-144. https://doi.org/10.37880/cumuiibf.948351

G-7 Ülkelerinde Kişi Başı Reel GSYİH Durağan Mıdır? Fourier Panel Birim Kök Testinden Yeni Kanıtlar

Is Per Capita Real GDP Stationary in G-7 Countries? New Evidence from A Fourier Panel Unit Root Test

Abstract

Keywords

G-7 Ülkelerinde Kişi Başı Reel GSYİH Durağan Mıdır? Fourier Panel Birim Kök Testinden Yeni Kanıtlar

Öz

Anahtar Kelimeler

Destekleyen Kurum

Teşekkür

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

IZ

Kaynak Göster