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Erthyglau Cyfnodolyn

A Bayesian Analysis of Total Factor Productivity Persistence

This paper studies persistence properties of total factor productivity (TFP) from Bayesian perspective. Emphasizing that classical unit root test for TFP cannot determine the probability whether a stochastic shock to the series is permanent, we design a Bayesian unit root test for TFP. Examination for a set of African economies’ TFP data show that the…

Anghydraddoldeb | Chwefror 2010