Alba, Joseph D; Papell, David H - In: Review of International Economics 3 (1995) 3, pp. 264-74
We examine trend breaks and unit roots in aggregate and per capita real GDP for nine newly industrializing (NIC) and newly exporting (NEC) countries in east and southeast Asia. In 15 of the 18 cases, we reject the unit-root hypothesis in favor of trend stationarity with breaks. Our findings...