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

• المؤلف الرئيسي: Wang, Eric Aik Peng
• مؤلفون آخرون: Nanyang Business School
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2014
• الموضوعات: DRNTU::Business
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/59733

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...