Are output fluctuations transitory or permanent? New evidence from a novel Global Multi-scale Modeling approach

Are output fluctuations transitory or permanent? New evidence from a novel Global Multi-scale Modeling approach

This paper provides new insights to the long-standing debate initiated by Nelson-Plosser (1982) regarding the mean reverting behaviour of real GDP per capita. The empirical analysis is based on wavelet framework introduced in Aydin and Pata Aydin (2020) which considers not only frequency domain alon...

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Bibliographic Details
Main Authors: Mumtaz Ahmed, Muhammad Azam, Stelios Bekiros, Syeda Mahlaqa Hina
Format: Article
Language:English
Published: AIMS Press 2021-05-01
Series:Quantitative Finance and Economics
Subjects:
discrete wavelet transform
stationarity
real gdp per capita
multi-resolution approach
wavelet unit root test
smooth structural change
Online Access:https://www.aimspress.com/article/doi/10.3934/QFE.2021017?viewType=HTML

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https://www.aimspress.com/article/doi/10.3934/QFE.2021017?viewType=HTML

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