Some Univariate Time Series Properties of Output

Borradores de Economia
Número: 
100
Publicado: 
Clasificación JEL: 
C22, E23
Palabras clave: 
Some univariate time series properties of output

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This paper deals with the size of the random walk property of Colombia´s output in two periods 1925-1994 and 1950-1994. GDP and GDPPC were both found to be integrated of order one a result which is very well known. The sequences are highly persistent, spe