Endogenous structural breaks and unit root tests : an application to Singapore

• Main Author: Wang, Eric Aik Peng
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/59733
• Institution: Nanyang Technological University

The seminal work on unit roots and macroeconomic variables was that of Nelson and Plosser (1982). They find that most macroeconomic variables follow a random walk process. The implications of their empirical findings are that existing theoretical relationships between macroeconomic variables are spu...