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2019 | OriginalPaper | Buchkapitel

7. Testing for Structural Breaks in Macroeconomic Processes of Growth

verfasst von : Marcin Fałdziński

Erschienen in: Economic Miracles in the European Economies

Verlag: Springer International Publishing

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Abstract

This chapter investigates structural changes in economic growth, using the sample of four countries, i.e. Ireland, Spain, Turkey and the Netherlands, and covers the time period 1980–2016. In this case, structural breaks are interpreted as large, infrequent shocks switching the economy from one regime to another. In order to search for structural changes, the unit-root and the structural breaks testing methodology is applied. Specifically, a pure structural change model with the Andrews–Zivot test and the Bai–Perron test are employed. The paper’s findings suggest that most of the structural breaks for these four countries are specific to their situation. Nevertheless, the financial crisis of 2007–2009 is indicated as common for all of them.

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Titel: Testing for Structural Breaks in Macroeconomic Processes of Growth
verfasst von: Marcin Fałdziński
Verlag: Springer International Publishing
Buch: Economic Miracles in the European Economies
Print ISBN: 978-3-030-05605-6

Electronic ISBN: 978-3-030-05606-3

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-030-05606-3_7