Ben-David, Dan; Lumsdaine, Robin L.; Papell, David H. - In: Empirical Economics 28 (2003) 2, pp. 303-319
This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries – approximately 50% more rejections than in models that allow for only one break. While about half of the...
