Kao, Y.-C.Y.-C.KaoKuan, C.-M.C.-M.KuanSHIKUAN CHEN2020-02-152020-02-152013https://scholars.lib.ntu.edu.tw/handle/123456789/459353It is well documented that the term structure of interest rates has predictive power for real economic growth. Applying the stepwise superior predictive ability test, we find that superior models contain both a short-term rate and a term spread. © 2013 Elsevier B.V.Data snooping; GDP growth; Stepwise SPA test; Term spread[SDGs]SDG8journal article10.1016/j.econlet.2013.10.0202-s2.0-84887329809https://www.scopus.com/inward/record.uri?eid=2-s2.0-84887329809&doi=10.1016%2fj.econlet.2013.10.020&partnerID=40&md5=f8d0d9a16a2355533b5f175c84d91810