Polgreen, Linnea (contributor); Silos, Pedro (contributor) - 2005
= [log(ˆst);log(ˆut)]0 and ”t » N(0;§):
3 Data
Our data cover the period 1963{2001. Following KORV(2000), we have obtained ….012
Gordon 1963-2001 0.503 0.022 -0.239 0.031
GHK 1963-2001 0.842 0.063 -0.657 0.076
Like KORV, all of our estimates imply … substantial difierence occurs when using the GHK data. The longer
data set (1963{2001) produces a that is much larger than that …