Noriega, Antonio E.; Rodríguez-Pérez, Cid Alonso - 2011
logistic smooth transition functions, in which transition periods are endogenously estimated. In terms of growth rates, our … transition periods. For instance, for real GDP we identify the following stationary growth paths: 1895-1924, 1935-1952, 1956 …-1978, and 1989-2008, separated by three transition periods: 1925-1934, 1953-1955, and 1979-1988. …