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  • 标题:Mean Reversion of Balance of Payments¡GEvidence from Sequential Trend Break Unit Root Tests
  • 本地全文:下载
  • 作者:Jue-Shyan Wang ; Mei-Yin Lin
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2008
  • 卷号:6
  • 出版社:Economics Bulletin
  • 摘要:We analyze the G7 countries data set of real balance of payments series. The unit root tests with an endogenously determined break date in the trend function proposed by Zivot and Andrews (1992) is employed to characterize the balance of payments series. The empirical results show that allowing for a break in the trend function could alter the outcome of the standard unit root tests for some series.
  • 关键词:Balance of payments
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