The Stationary of Productivity Shocks: Evidence from 25 OECD and Big 7 Countries

The Stationary of Productivity Shocks: Evidence from 25 OECD and Big 7 Countries

We apply the panel covariate augmented Dickey-Fuller test to test stationarity of the productivity series for the OECD and Big-7 economies. The approach takes cross-sectional dependence into account. Using hours-worked per worker, we find that the series is non-stationary for the 25 OECD countries;...

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Bibliographic Details
Main Authors: Aviral Kumar Tiwari, Faridul Islam, Süleyman Bolat, Phouphet Kyophilavong, Byoungki Kim
Format: Article
Language:English
Published: EconJournals 2017-03-01
Series:International Journal of Economics and Financial Issues
Subjects:
productivity shock
panel unit root
cross sectional dependence
oecd and big-7 countries
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353247?publisher=http-www-cag-edu-tr-ilhan-ozturk

Internet

https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353247?publisher=http-www-cag-edu-tr-ilhan-ozturk

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