Darné, Olivier; Charles, Amélie - In: Economics Bulletin 32 (2012) 3, pp. 2399-2406
In this paper, we test the presence of stochastic trend in long series of US real GNP measured by Balke and Gordon … to make the test in small samples powerful. We obtain mixed results on the presence of a unit root in the GNP and GNP per … reconstruction on the data, we show that the US real GNP series is characterized by a deterministic trend on the post-1929 period. …