An Inquiry into the Time Series Properties of Net Discount Rates

Posted: 27 Jul 2000

See all articles by James E. Payne

James E. Payne

affiliation not provided to SSRN

Bradley T. Ewing

Baylor University - Department of Economics

Michael J. Piette

Analytical Economics, Inc.

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

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

James E. Payne

affiliation not provided to SSRN ( email )

No Address Available

Bradley T. Ewing

Baylor University - Department of Economics ( email )

P.O. Box 98003
Waco, TX 76798-8003
United States

Michael J. Piette (Contact Author)

Analytical Economics, Inc. ( email )

3169 Clancy Court
Tallahassee, FL 32309
United States
850-906-9045 (Phone)
850-906-9046 (Fax)

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