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%T A Bayesian analysis of total factor productivity persistence %A Mishra, Tapas %A Diebolt, Claude %A Parhi, Mamata %A Mohanty, Asit Ranjan %J Historical Social Research %N 1 %P 363-372 %V 35 %D 2010 %@ 0172-6404 %= 2012-02-17T10:51:00Z %~ GESIS %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-285467 %X '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 probability of having a unit root is very high for majority of countries. The evidence of high-persistence has implications for perpetual growth and business cycles.' (author's abstract) %C DEU %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info