View Full Document

Trends, Random Walks and Persistence



View the full content.
View Full Document
View Full Document

2 views

Unformatted text preview:

Trends Random Walks and Persistence An Empirical Study of Disaggregated U S Industrial Production Robert Krol The Review of Economics and Statistics Vol 74 No 1 Feb 1992 pp 154 159 Stable URL http links jstor org sici sici 0034 6535 28199202 2974 3A1 3C154 3ATRWAPA 3E2 0 CO 3B2 P The Review of Economics and Statistics is currently published by The MIT Press Your use of the JSTOR archive indicates your acceptance of JSTOR s Terms and Conditions of Use available at http www jstor org about terms html JSTOR s Terms and Conditions of Use provides in part that unless you have obtained prior permission you may not download an entire issue of a journal or multiple copies of articles and you may use content in the JSTOR archive only for your personal non commercial use Please contact the publisher regarding any further use of this work Publisher contact information may be obtained at http www jstor org journals mitpress html Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission The JSTOR Archive is a trusted digital repository providing for long term preservation and access to leading academic journals and scholarly literature from around the world The Archive is supported by libraries scholarly societies publishers and foundations It is an initiative of JSTOR a not for profit organization with a mission to help the scholarly community take advantage of advances in technology For more information regarding JSTOR please contact support jstor org http www jstor org Sat Jun 30 16 05 36 2007 NOTES TRENDS RANDOM WALKS AND PERSISTENCE AN EMPIRICAL STUDY OF DISAGGREGATED U S INDUSTRIAL PRODUCTION Robert Krol Abstract Unit root and variance ratio tests are used to examine the trend properties and degree of persistence of industrial production in U S industries and comparable aggregates during the post World War I1 period The evidence from unit root tests suggests that less than one half



Access the best Study Guides, Lecture Notes and Practice Exams

Loading Unlocking...
Login

Join to view Trends, Random Walks and Persistence and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Trends, Random Walks and Persistence and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?