Forecasting the real output using fractionally integrated techniques

C-Tier
Journal: Applied Economics
Year: 2004
Volume: 36
Issue: 14
Pages: 1583-1589

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The annual structure of the real GDP in the UK, France, Germany and Italy is examined by means of fractionally integrated techniques. Using a version of a testing procedure due to Robinson (Journal of the American Statistical Association, 84, 1420-37, 1994), it is shown that the series can be specified in terms of I(d ) statistical models with d higher than 1. Thus, the series are nonstationary and non-mean-reverting. The forecasting properties of the selected models for each country are also examined.

Technical Details

RePEc Handle
repec:taf:applec:v:36:y:2004:i:14:p:1583-1589
Journal Field
General
Author Count
1
Added to Database
2026-01-25