Endnote export

 

%T A Bayesian analysis of total factor productivity persistence
%A Mishra, Tapas
%A Diebolt, Claude
%A Parhi, Mamata
%A Mohanty, Asit Ranjan
%J Historical Social Research
%N 1
%P 363-372
%V 35
%D 2010
%@ 0172-6404
%= 2012-02-17T10:51:00Z
%~ GESIS
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-285467
%X 'This paper studies persistence properties of total factor productivity (TFP) from Bayesian perspective. Emphasizing that classical unit root test for TFP cannot determine the probability whether a stochastic shock to the series is permanent, we design a Bayesian unit root test for TFP. Examination for a set of African economies' TFP data show that the probability of having a unit root is very high for majority of countries. The evidence of high-persistence has implications for perpetual growth and business cycles.' (author's abstract)
%C DEU
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info