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2015-08-11Buch DOI: 10.18452/4596
Dynamics of Real Per Capita GDP
dc.contributor.authorNeuhoff, Daniel
dc.date.accessioned2017-06-16T01:18:08Z
dc.date.available2017-06-16T01:18:08Z
dc.date.created2016-07-27
dc.date.issued2015-08-11
dc.date.submitted2015-08-11
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5248
dc.description.abstractThis study investigates the dynamics of quarterly real GDP per capita growth rates across four countries, the US, UK, Canada and France. I obtain estimates for ARIMA(p,q) processes for first differences of log quarterly real GDP per capita using Reversible Jump Markov Chain Monte Carlo, allowing me to account for model uncertainty when comparing the implied impulse responses across countries. The results are checked for robustness with respect to the detrending device. The estimated impulse response functions are different in shape. The persistence estimates for the US, France, Canada and Italy are clustered together, while the UK and Japan are clear outliers. Significant posterior uncertainty remains regarding the persistence estimates and the appropriate ARMA models. The results for the UK is sensitive to the time period. An analysis of the components of GDP for the US suggests that the dynamics are mainly driven by consumption.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectARMAeng
dc.subjectReversible Jump Markov Chain Monte Carloeng
dc.subjectReal GDP per capitaeng
dc.subjectGrowth Rateseng
dc.subjectPersistenceeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleDynamics of Real Per Capita GDP
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100239355
dc.identifier.doihttp://dx.doi.org/10.18452/4596
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages68
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2015
local.edoc.container-issue39
local.edoc.container-year2015
local.edoc.container-erstkatid2195055-6

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