Chang, Tsangyao; Chu, Hsiao-Ping; Ranjbar, Omid - In: International Review of Economics & Finance 29 (2014) C, pp. 380-399
The purpose of this study is to examine whether GDP shocks are transitory or permanent in African countries. The Sequential Panel Selection Method (SPSM) using Panel KSS test with a Fourier function—which is good enough to control for structural breaks and nonlinearity as well as cross-section...