Real per capita GNP of USA: examination of the presence of a unit root via overdifferencing: Applied Economics Letters: Vol 8, No 6

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Abstract

This letter examines the first difference of the logarithm of real per capita GNP of the USA (approximately growth rate) to see whether it possesses a moving average unit root (overdifferencing). The presence of such a moving average unit root implies that the logarithm of real per capita GNP of the USA has no unit root.

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Real per capita GNP of USA: examination of the presence of a unit root via overdifferencing

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