Başçı, Erdem; Başçı, Sıdıka - In: International econometric review 13 (2021) 3, pp. 59-70
In this paper, we analyze the relationship between nominal and real GDP growth for G7 countries for the period 1971 … between nominal and real GDP growth rates changes from a positive one to a flat one. Moreover, the volatility of real growth … is observed to be higher at high rates of nominal GDP growth. We first test for the presence of a two regime non …