Dua, Pami; Mishra, Tapas - In: Indian Economic Review 34 (1999) January, pp. 23-38
This paper tests for the presence of persistence in Indian industrial production. Persistence implies the existence of a unit root in the series. We therefore employ the augmented Dickey Fuller and the Phillips Perron tests as well as the KPSS test. We also use the Bayesian framework, which is...