|
|
|
Volume
3, No. 1,
April 2004
|
|
|
A Quasi-Bayesian Analysis of Structural Breaks:
China's Output and Productivity Series
|
|
|
|
Xiao-Ming Li*
|
|
Department of Commerce, Massey University-Albany, New
Zealand
|
|
|
|
Abstract
|
|
|
|
|
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.
|
|
|
|
Key words
:
structural change;
predictive likelihood; GDP; labour productivity;
C
hina
|
|
JEL classification
:
C22; E30
|
|
|
Back
|