An Inquiry into the Time Series Properties of Net Discount Rates
Posted: 27 Jul 2000
Abstract
This paper examines the time series properties of net discount rates by industrial sector using three alternative interest rates. Due to a possible structural break in the data, we examine the trend versus difference stationary issue using the unit root methodology proposed by Perron (1989). All 24 net discount rates exhibited trend stationary properties.
Suggested Citation: Suggested Citation
Payne, James E. and Ewing, Bradley T. and Piette, Michael J., An Inquiry into the Time Series Properties of Net Discount Rates. Available at SSRN: https://ssrn.com/abstract=224301
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