Does aggregate output have a unit root
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TL;DR: Gross National Private Product (GNP) is a more appropriate empirical counterpart for the theoretical concept of aggregate output than GNP as mentioned in this paper, and the two series have different stochastic properties over the past 100 years.
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About: This article is published in Economics Letters. The article was published on 01 Jun 1992. and is currently open access. The article focuses on the topics: Unit root & Product (mathematics).
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References
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
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