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• W2072364175 abstract "This study applies the Sequential Panel Selection Method (SPSM) proposed by Chortareas and Kapetanios (2009) to investigate and assess the non-stationary properties of whether real GDP follows a trend stationary or a difference stationary process for Central Eastern European (CEE) countries. SPSM can classify the whole panel into a group of stationary series and a group of non-stationary series. We clearly identify how many and which series in the panel are stationary processes and provide robust evidence clearly indicating that per capita real GDP for CEE countries holds stationary for three countries. Our findings point out their per capita real GDP convergence is a mean reversion towards equilibrium values in a non-linear way. Our results have important policy implications for macroeconomic policy, modeling, testing and forecasting for these CEE countries under study." @default.
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• W2072364175 date "2013-03-01" @default.
• W2072364175 modified "2023-09-25" @default.
• W2072364175 title "Are real GDP levels nonstationary across Central and Eastern European countries?" @default.
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• W2072364175 doi "https://doi.org/10.1080/1406099x.2013.10840528" @default.
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