Murthy, Vasudeva N. R.; Anoruo, Emmanuel - In: Economics Bulletin 29 (2009) 4, pp. 2492-2504
This paper extends the applied time series literature in economic development, by testing whether the per capita real GDP time series in 27 African countries are non-stationary or non-linear and globally stationary over the relatively long period from 1960 to 2007. Using the non- linear unit...