Is real per capita state personal income stationary? New nonlinear, asymmetric panel-data evidence

dc.authorid Emirmahmutoglu, Furkan/0000-0001-7358-3567
dc.authorid Omay, Tolga/0000-0003-0263-2258
dc.authorid Miller, Stephen/0000-0002-6754-0605
dc.authorscopusid 23027344600
dc.authorscopusid 18037301200
dc.authorscopusid 7406289288
dc.authorscopusid 23978235900
dc.authorwosid Emirmahmutoglu, Furkan/B-2267-2019
dc.contributor.author Emirmahmutoglu, Furkan
dc.contributor.author Gupta, Rangan
dc.contributor.author Miller, Stephen M.
dc.contributor.author Omay, Tolga
dc.contributor.other Economics
dc.date.accessioned 2024-07-05T15:41:46Z
dc.date.available 2024-07-05T15:41:46Z
dc.date.issued 2020
dc.department Atılım University en_US
dc.department-temp [Emirmahmutoglu, Furkan] Ankara Haci Bayram Veli Univ, Dept Econometr, TR-06500 Besevler, Turkey; [Gupta, Rangan] Univ Pretoria, Dept Econ, ZA-0002 Pretoria, South Africa; [Miller, Stephen M.] Univ Nevada, Dept Econ, Las Vegas, NV 89154 USA; [Omay, Tolga] Atilim Univ, Dept Econ, TR-06830 Kizilcasar, Golbasi Ankara, Turkey en_US
dc.description Emirmahmutoglu, Furkan/0000-0001-7358-3567; Omay, Tolga/0000-0003-0263-2258; Miller, Stephen/0000-0002-6754-0605 en_US
dc.description.abstract This paper re-examines the stochastic properties of U.S. state real per capita personal income, using new panel unit-root procedures. The new developments incorporate non-linearity, asymmetry, and cross-sectional correlation within panel-data estimation. Including nonlinearity and asymmetry finds that 43 states exhibit stationary real per capita personal income whereas including only nonlinearity produces 42 states that exhibit stationarity. Stated differently, we find that two states exhibit nonstationary real per capita personal income when considering nonlinearity, asymmetry, and cross-sectional dependence. en_US
dc.identifier.citationcount 6
dc.identifier.doi 10.1111/boer.12209
dc.identifier.endpage 62 en_US
dc.identifier.issn 0307-3378
dc.identifier.issn 1467-8586
dc.identifier.issue 1 en_US
dc.identifier.scopus 2-s2.0-85067844635
dc.identifier.startpage 50 en_US
dc.identifier.uri https://doi.org/10.1111/boer.12209
dc.identifier.uri https://hdl.handle.net/20.500.14411/3497
dc.identifier.volume 72 en_US
dc.identifier.wos WOS:000509416800004
dc.identifier.wosquality Q4
dc.institutionauthor Omay, Tolga
dc.language.iso en en_US
dc.publisher Wiley en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 4
dc.subject asymmetry en_US
dc.subject cross-sectional dependence en_US
dc.subject nonlinear en_US
dc.subject panel unit root en_US
dc.subject sieve bootstrap en_US
dc.subject C12 en_US
dc.subject C15 en_US
dc.subject C23 en_US
dc.title Is real per capita state personal income stationary? New nonlinear, asymmetric panel-data evidence en_US
dc.type Article en_US
dc.wos.citedbyCount 6
dspace.entity.type Publication
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