Canadian Real GNPCapita in 1900 $

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Canadian Real GNPCapita in 1900 $ Powered By Docstoc
					                                     1900$

       18




               0
                   200
                         400
                               600
                                      800
                                             1000
                                                    1200
                                                                             1400
                                                                                    1600
          70
       18
          75
       18
          80
       18
          85
       18
          90
       18
          95
       19
          00
       19
          05
       19
          10
       19
          15
       19
                                                           Real GNP/Capita




          20
       19
          25
       19
          30
       19
          35
       19
          40




Year
       19
          45
       19
          50
       19
          55
       19
          60
       19
          65
       19
          70
       19
                                                                                           Canadian Real GNP/Capita in 1900 $




          75
       19
          80
       19
          85
       19
          90
       19
          95
       20
          00
       20
          05
                                     1900$

       18




               0
                   200
                         400
                               600
                                      800
                                             1000
                                                    1200
                                                                     1400
                                                                             1600
          70
       18
          75
       18
          80
       18
          85
       18
          90
       18
          95
       19
          00
       19
          05
                                                           Mean




       19
          10
       19
          15
       19
          20
                                                           Real GNP/Capita




       19
          25
       19
          30
       19
          35
       19
          40




Year
       19
          45
       19
          50
       19
          55
       19
          60
       19
          65
       19
          70
       19
                                                                                    Canadian Real GNP/Capita in 1900 $




          75
       19
          80
       19
          85
       19
          90
       19
          95
       20
          00
       20
          05
                                            1900$

              18




       -200
                      0
                          200
                                400
                                      600
                                                    800
                                                          1000
                                                                 1200
                                                                                   1400
                                                                                          1600
                 70
              18
                 75
              18
                 80
              18
                 85
              18
                 90
              18
                 95
              19
                 00
              19
                 05
              19
                 10
              19
                 15
                                                                        Linear Trend




              19
                                                                        Quadratic Trend




                 20
                                                                        Real GNP/Capita




              19
                 25
              19
                 30
              19
                 35
              19
                 40




Year
              19
                 45
              19
                 50
              19
                 55
              19
                 60
              19
                 65
              19
                 70
              19
                                                                                                 Canadian Real GNP/Capita in 1900 $




                 75
              19
                 80
              19
                 85
              19
                 90
              19
                 95
              20
                 00
              20
                 05
                                 Canadian Real GNP/Capita in 1900 $


        1600



        1400   Real GNP/Capita
               HP Filter Non-Stationary
               HP Filter Stationary
        1200



        1000



        800
1900$




        600



        400



        200



          0
            00
            05
            10
            15
            20
            25
            30
            35
            40
            45
            50
            55
            60
            65
            70
            75
            80
            85
            90
            95
            00
            05
            70
            75
            80
            85
            90
            95




         20
         20
         18
         18
         18
         18
         18
         18
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
        -200
                                           Year
                                  Canadian Real GNP/Capita in 1900 $


        1600



        1400          Real GNP/Capita                                         1988
                      Segmented Trends
                                                                       1982
        1200


                                                                1972
        1000
1900$




        800



        600                                            1946

                                         1930
                                  1921
        400
               1896


        200



          0
            00
            05
            10
            15
            20
            25
            30
            35
            40
            45
            50
            55
            60
            65
            70
            75
            80
            85
            90
            95
            00
            05
            70
            75
            80
            85
            90
            95




         19
         19
         20
         20
         18
         18
         18
         18
         18
         18
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19
         19                                     Year
                                                        Parameter Stability: Linear Trend


         25




         20               Parameter Estimate on Linear Trend




         15
Beta t




         10




         5




         0
              1   5   9    13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93 97 101 105



         -5
                                                               50 Year Rolling Window
                                                       Parameter Stability: Quadratic Trend


         2500


         2000

                             Parameter Estimate on Linear Trend
         1500


         1000


          500


            0
Beta t




                 1   5   9    13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93 97 101 105
          -500


         -1000


         -1500


         -2000


         -2500


         -3000
                                                              50 Year Rolling Window
                                                            Parameter Stability: Quadratic Trend


                 0.8
                                     Parameter Estimate on Quadratic Trend



                 0.6




                 0.4
Beta t Squared




                 0.2




                   0
                        1   5   9   13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93 97 101 105


                 -0.2




                 -0.4




                 -0.6
                                                                  50 Year Rolling Window