Economics, Econometrics and Finance
8 years ago

New Ng-Perron Test Revolutionizes Analysis of China's Macroeconomics Data

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Tongji yu xinxi luntan
On the Theory and Application of the Ng-Perron Unit Root Test——the Stationary Analyses of the China's Macroeconomics Series
Nie Qiao-ping

Paper Summary

The Ng-Perron unit root test combines different statistical methods to analyze economic data in China. It is more powerful and accurate than traditional tests like the PP and ADF tests. The researchers studied the nominal GDP, real GDP, and real interest rate to see if they are stable over time. The goal is to encourage wider use of the Ng-Perron test in economic research.

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