Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86005
Authors: 
Boswijk, H. Peter
Franses, Philip Hans
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-002/4
Abstract: 
This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does not require a formal decision onpotential unit root properties. The method is based on the analysis of eitherdifference-stationary or trend-stationary time series models, implementing the robustbootstrapping procedure advocated in Romano and Wolf (2001). Simulation evidence indicatesthe practical relevance of the method. It is illustrated on quarterly post-war USindustrial production.
Subjects: 
Growth
Unit root
Robust testing
JEL: 
C13
C15
C22
Document Type: 
Working Paper

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