The behavior of US public debt: a nonlinear perspective
UNSPECIFIED. (2001) The behavior of US public debt: a nonlinear perspective. ECONOMICS LETTERS, 74 (1). pp. 119-125. ISSN 0165-1765Full text not available from this repository.
This letter provides strong evidence of nonlinear mean reversion in the US debt-GDP ratio using data since 1916 and shows that the difficulty to detect mean reversion encountered by a number of researchers may be due to the invalid maintained hypothesis of linearity which is common to the testing procedures employed in this context. (C) 2001 Elsevier Science B.V. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||ECONOMICS LETTERS|
|Publisher:||ELSEVIER SCIENCE SA|
|Official Date:||20 December 2001|
|Number of Pages:||7|
|Page Range:||pp. 119-125|
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