Japan

US

France

UK

GDP

Sales

GDP

Sales

GDP

Sales

GDP

Sales

Obs.

(1955.1-1999.1)

(1967.1-2008.1)

(1978.1-008.1)

(1983.1-2008.1)

Period I

(1967.1-1984.4)

No. of Breaks

2

2

2

2

0

1

1

1

Period II

(1985.1-2008.1)

No.of Breaks

2

2

Period I

Break Type

BB

BB

AA

AA

N/A

C

A

A

Period II

BB

BB

Period I

TB1

1972.3

1972.3

1978.1

1978.1

1995.2

1990.1

1990.4

TB2

1992.3

1992.3

1981.3

1981.3

Period II

TB1

1995.2

1995.2

TB2

2000.2

2000.2

Period I

Level of Significance( )

**

**

**

*

*

*

**

**

Period II

*

***

Data type

NSA

NSA

SA

SA

SA

SA

NSA

NSA