Lau, Evan; Baharumshah, Ahmad Zubaidi; Mansor, Shazali Abu - In: International Econometric Review (IER) 1 (2009) 2, pp. 77-87
In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of...
