Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 14, 2004 erstellt
Description:
The basic analysis in this paper is to test Perron (1989) hypothesis on trend break in univariate series. This paper applies Perron's procedure to the data on rural credit delivery in India and concludes that the hypothesis, which states that most of the macro-economic time series, initially exhibiting unit root process, become trend-stationary if one allow one time trend break in it at some suitable time, does not hold good with this series. Instead, the paper concludes that the unit root in the data persists even after allowing one time trend break, despite the fact that the trend break was found to be statistically significant