UNSPECIFIED (2001) The behavior of US public debt: a nonlinear perspective. ECONOMICS LETTERS, 74 (1). pp. 119-125. ISSN 0165-1765

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Abstract

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
ISSN:	0165-1765
Date:	20 December 2001
Volume:	74
Number:	1
Number of Pages:	7
Page Range:	pp. 119-125
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/11514

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