Testing the order of integration with low power tests. An application to argentine macro-variables

Autores
Carrera, Jorge Eduardo; Féliz, Mariano; Panígo, Demian
Año de publicación
2003
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
The low power of available econometric tests is an important problem in applied research on unit roots and related issues. Based on the principle of methodological triangulation, the problem should be analyzed from different points of view in order to increase the validity of the results. Following this approach a strategy to test the order of integration in time series is presented using a sequence of eleven consolidated tests. In this way it is possible to determine the persistence of shocks, to specify the best strategy for trend-cycle decomposition and to obtain additional information useful for public policies. As an application of the methodology, the integration properties in the main 14 Argentine macroeconomic variables are studied. A classification of them in four homogenous groups according to their order of integration is obtained
Fil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.
Fil: Panígo, Demian. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.
Fuente
Journal of Applied Economics, 6(2), 221-246. (2003)
ISSN 1514-0326
Materia
Ciencias sociales
Economía
Macroeconomía
Argentina
Unit root
Persistence
Cycles
Structural breaks
Argentine
Macroeconomic variables
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/4.0/
Repositorio
Memoria Académica (UNLP-FAHCE)
Institución
Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación
OAI Identificador
oai:memoria.fahce.unlp.edu.ar:snrd:Jpr8409
Acceder
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oai_identifier_str oai:memoria.fahce.unlp.edu.ar:snrd:Jpr8409
network_acronym_str MemAca
repository_id_str 1341
network_name_str Memoria Académica (UNLP-FAHCE)
spelling Testing the order of integration with low power tests. An application to argentine macro-variablesCarrera, Jorge EduardoFéliz, MarianoPanígo, DemianCiencias socialesEconomíaMacroeconomíaArgentinaUnit rootPersistenceCyclesStructural breaksArgentineMacroeconomic variablesThe low power of available econometric tests is an important problem in applied research on unit roots and related issues. Based on the principle of methodological triangulation, the problem should be analyzed from different points of view in order to increase the validity of the results. Following this approach a strategy to test the order of integration in time series is presented using a sequence of eleven consolidated tests. In this way it is possible to determine the persistence of shocks, to specify the best strategy for trend-cycle decomposition and to obtain additional information useful for public policies. As an application of the methodology, the integration properties in the main 14 Argentine macroeconomic variables are studied. A classification of them in four homogenous groups according to their order of integration is obtainedFil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.Fil: Panígo, Demian. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.2003info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfhttps://www.memoria.fahce.unlp.edu.ar/art_revistas/pr.8409/pr.8409.pdfJournal of Applied Economics, 6(2), 221-246. (2003)ISSN 1514-0326reponame:Memoria Académica (UNLP-FAHCE)instname:Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educacióninstacron:UNLPenginfo:eu-repo/semantics/altIdentifier/hdl/10915/90999info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/4.0/2025-09-29T11:53:50Zoai:memoria.fahce.unlp.edu.ar:snrd:Jpr8409Institucionalhttps://www.memoria.fahce.unlp.edu.ar/Universidad públicahttps://www.fahce.unlp.edu.ar/https://www.memoria.fahce.unlp.edu.ar/oaiserver.cgimemoria@fahce.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13412025-09-29 11:53:51.24Memoria Académica (UNLP-FAHCE) - Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educaciónfalse
dc.title.none.fl_str_mv Testing the order of integration with low power tests. An application to argentine macro-variables
title Testing the order of integration with low power tests. An application to argentine macro-variables
spellingShingle Testing the order of integration with low power tests. An application to argentine macro-variables
Carrera, Jorge Eduardo
Ciencias sociales
Economía
Macroeconomía
Argentina
Unit root
Persistence
Cycles
Structural breaks
Argentine
Macroeconomic variables
title_short Testing the order of integration with low power tests. An application to argentine macro-variables
title_full Testing the order of integration with low power tests. An application to argentine macro-variables
title_fullStr Testing the order of integration with low power tests. An application to argentine macro-variables
title_full_unstemmed Testing the order of integration with low power tests. An application to argentine macro-variables
title_sort Testing the order of integration with low power tests. An application to argentine macro-variables
dc.creator.none.fl_str_mv Carrera, Jorge Eduardo
Féliz, Mariano
Panígo, Demian
author Carrera, Jorge Eduardo
author_facet Carrera, Jorge Eduardo
Féliz, Mariano
Panígo, Demian
author_role author
author2 Féliz, Mariano
Panígo, Demian
author2_role author
author
dc.subject.none.fl_str_mv Ciencias sociales
Economía
Macroeconomía
Argentina
Unit root
Persistence
Cycles
Structural breaks
Argentine
Macroeconomic variables
topic Ciencias sociales
Economía
Macroeconomía
Argentina
Unit root
Persistence
Cycles
Structural breaks
Argentine
Macroeconomic variables
dc.description.none.fl_txt_mv The low power of available econometric tests is an important problem in applied research on unit roots and related issues. Based on the principle of methodological triangulation, the problem should be analyzed from different points of view in order to increase the validity of the results. Following this approach a strategy to test the order of integration in time series is presented using a sequence of eleven consolidated tests. In this way it is possible to determine the persistence of shocks, to specify the best strategy for trend-cycle decomposition and to obtain additional information useful for public policies. As an application of the methodology, the integration properties in the main 14 Argentine macroeconomic variables are studied. A classification of them in four homogenous groups according to their order of integration is obtained
Fil: Féliz, Mariano. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.
Fil: Panígo, Demian. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.
description The low power of available econometric tests is an important problem in applied research on unit roots and related issues. Based on the principle of methodological triangulation, the problem should be analyzed from different points of view in order to increase the validity of the results. Following this approach a strategy to test the order of integration in time series is presented using a sequence of eleven consolidated tests. In this way it is possible to determine the persistence of shocks, to specify the best strategy for trend-cycle decomposition and to obtain additional information useful for public policies. As an application of the methodology, the integration properties in the main 14 Argentine macroeconomic variables are studied. A classification of them in four homogenous groups according to their order of integration is obtained
publishDate 2003
dc.date.none.fl_str_mv 2003
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://www.memoria.fahce.unlp.edu.ar/art_revistas/pr.8409/pr.8409.pdf
url https://www.memoria.fahce.unlp.edu.ar/art_revistas/pr.8409/pr.8409.pdf
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/hdl/10915/90999
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv Journal of Applied Economics, 6(2), 221-246. (2003)
ISSN 1514-0326
reponame:Memoria Académica (UNLP-FAHCE)
instname:Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación
instacron:UNLP
reponame_str Memoria Académica (UNLP-FAHCE)
collection Memoria Académica (UNLP-FAHCE)
instname_str Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv Memoria Académica (UNLP-FAHCE) - Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación
repository.mail.fl_str_mv memoria@fahce.unlp.edu.ar
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score 13.070432

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