Kumar Tiwari, Aviral; Shahbaz, Muhammad; Shahbaz … - In: European Economic Letters 1 (2012) 1, pp. 1-5
Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by economic policies (external or internal) have permanent effect on real per capita GDP of SAARC countries. This finding reveals that classical growth model works better to boost...