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| Volume 3, No. 1,
April 2004
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A Quasi-Bayesian
Analysis of Structural Breaks: China’s Output and Productivity
Series |
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Xiao-Ming Li |
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Department of Commerce, Massey
University—Albany, New Zealand |
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| Abstract |
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A
quasi-Bayesian model selection approach is employed to detect the
number and dates of structural changes in China’s GDP and labour
productivity data. It is shown that the predictive likelihood
information criterion is valid only among models with well-behaved
residuals. |
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Key words:
structural change; predictive likelihood; GDP; labour productivity;
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China |
| JEL
classification:
C22; E30 |
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