Anderson, T. W.(1994): The statistical analysis of time series. Wiley.
Banerjee, A., R. L. Lumsdaine,andJ. H. Stock(1992): \Recursive and
Sequential Tests of the Unit-Root and Trend-Break Hypotheses: Theory and
International Evidence," Journal of Business & Economic Statistics, 10(3),
271{87.
Beveridge, S.,andC. R. Nelson(1981): \A new approach to decomposi-tion of economic time series into permanent and transitory components with
particular attention to measurement of the `business cycle',"Journal of Mon-etary Economics, 7(2), 151{174.
Bianchi, M.(1991): \A Remark on Unit Root Tests and Measures of Persis-tence," Working Papers 126, Dipartimento Scienze Economiche, Universita'
di Bologna.
Burke, S. P.(1994): \Conrmatory Data Analysis: The Joint Application of
Stationarity and Unit Root Tests," Discussion Papers in Quantitative Eco-nomics and Computing No. 20, Univerisity of Reading, Dept. of Economics.
Campbell, J. Y.,andN. G. Mankiw(1987a): \Are Output Fluctuations
Transitory?,"The Quarterly Journal of Economics, 102(4), 857{80.
(1987b): \Permanent and Transitory Components in Macroeconomic
Fluctuations,"American Economic Review, 77(2), 111{17.
Cheung, Y.-W.,andM. D. Chinn(1996): \Deterministic, Stochastic, and
Segmented Trends in Aggregate Output: A Cross-Country Analysis,"Oxford
Economic Papers, 48(1), 134{62.
Cheung, Y.-W.,and M. D. Chinn(1997): \Further Investigation of the
Uncertain Unit Root in GNP,"Journal of Business & Economic Statistics,
15(1), 68{73.
Christiano, L. J.,andM. Eichenbaum(1990): \Unit roots in real GNP: Do
we know, and do we care?,"Carnegie-Rochester Conference Series on Public
Policy, 32(1), 7{61.
Cochrane, J. H.(1988): \How Big Is the Random Walk in GNP?,"Journal
of Political Economy, 96(5), 893{920.
Cogley, T.(1990): \International Evidence on the Size of the Random Walk
in Output," Journal of Political Economy, 98(3), 501{18.
DeJong, David N, e. a.(1992): \Integration versus Trend Stationarity in
Time Series,"Econometrica, 60(2), 423{33.
Evans, G. W.(1989): \Output and Unemployment Dynamics in the United
States: 1950-1985,"Journal of Applied Econometrics, 4(3), 213{37.
Hendry, D. F.(1995): Dynamic econometrics. Oxford University Press.
Hurlin, C.(2010): \What would Nelson and Plosser nd had they used panel
unit root tests?,"Applied Economics, 42(12), 1515{1531.
Kwiatkowski, D., P. C. B. Phillips, P. Schmidt,andY. Shin(1992):
\Testing the null hypothesis of stationarity against the alternative of a unit
root : How sure are we that economic time series have a unit root?,"Journal
of Econometrics, 54(1-3), 159{178.
Levy, D.,and H. Dezhbakhsh(2003): \International evidence on output
uctuation and shock persistence,"Journal of Monetary Economics, 50(7),
1499{1530.
Libanio, G.(2005): \Unit roots in macroeconomic time series: theory, impli-cations, and evidence,"Nova Economia, 15(3), 145{176.
Maddala, G. S.,andI. Kim(1999): Unit Roots, Cointegration, and Structural
Change. Cambridge University Press.
Maddison, A. (2010): \Historical Statistics of the World Econ-omy: 1-2008 AD," unpublished, Retrieved on Sep, 2011 from:
http://www.ggdc.net/MADDISON/oriindex.htm.
Mills, T. C.(2003): Modelling Trends and Cycles in Economic Time Series.
Palgrave Macmillan.
Nelson, C., and E. Zivot (2000): \Why are Beveridge-Nelson and
Unobserved-Component Decompositions of GDP so Dierent?," Econometric
Society World Congress 2000 Contributed Papers 0692, Econometric Society.
Nelson, C. R.,andC. I. Plosser(1982): \Trends and random walks in
macroeconmic time series : Some evidence and implications,"Journal of
Monetary Economics, 10(2), 139{162.
Perron, P.(1989): \The Great Crash, the Oil Price Shock, and the Unit Root
Hypothesis,"Econometrica, 57(6), 1361{1401.
Perron, P.,andP. C. B. Phillips(1987): \Does GNP have a unit root? :
A re-evaluation,"Economics Letters, 23(2), 139{145.
Quah, D.(1992): \The Relative Importance of Permanent and Transitory
Components: Identication and Some Theoretical Bounds,"Econometrica,
60(1), 107{18
Romer, C. D.(1989): \The Prewar Business Cycle Reconsidered: New Esti-mates of Gross National Product, 1869-1908,"Journal of Political Economy,
97(1), 1{37.
Schwert, G. W.(2002): \Tests for Unit Roots: A Monte Carlo Investigation,"
Journal of Business & Economic Statistics, 20(1), 5{17.
Spanos, A.,andJ. Reade(2011): \An Autoregressive Model with Condi-tional Heterogeneity: a Nested Unit Root Testing Framework," University of
Birmingham and Virginia Tech, mimeo.
Stock, J. H.(1991): \Condence intervals for the largest autoregressive root
in U.S. macroeconomic time series," Journal of Monetary Economics, 28(3),
435{459.
Stock, J. H.,andM. W. Watson(1986): \Does GNP have a unit root?,"
Economics Letters, 22(2-3), 147{151.
Watson, M. W.(1986): \Univariate detrending methods with stochastic
trends," Journal of Monetary Economics, 18(1), 49{75.