NDLI: UvA-DARE ( Digital Academic Repository ) Robust inference on average economic growth

Content Provider	Semantic Scholar
Author	Boswijk, H. Peter
Copyright Year	2001
Abstract	We discuss a method to estimate the confidence bounds for average economic growth, which is robust to misspecification of the unit root property of a given time series. We derive asymptotic theory for the consequences of such misspecification. Our empirical method amounts to an implementation of the bootstrapping procedure advocated in Romano and Wolf (2001). Simulation evidence supports the theory and it also indicates the practical relevance of the bootstrapping method. We use quarterly post-war US industrial production for illustration and we show that nonrobust approaches lead to rather different conclusions on average economic growth than our robust approach.
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://pure.uva.nl/ws/files/2273618/29804_0213.pdf
Alternate Webpage(s)	https://repub.eur.nl/pub/588/feweco20020115130413.pdf
Alternate Webpage(s)	http://www.eur.nl/WebDOC/doc/econometrie/feweco20020115130413.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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