UNIVERSITY OF ILLINOIS LIBRARY AT URBANA-CHAMPAIGN BOOKSTACKS Digitized by the Internet Archive in 2011 with funding from University of Illinois Urbana-Champaign http://www.archive.org/details/spuriousbreak93133nune faputty Working Paper 93-0133 J B385 1 993 : 1 33 COPY 2 Spurious Break THt Llb; UNIVEI Luis C Nunes Chung-Ming Kuan Department ofEconomics Department ofEconomics University ofIllinois University ofIllinois Paul Newbold Department ofEconomics University ofIllinois Bureau of Economic and Business Research College ofCommerce and Business Administration University of Illinois at Urbana-Champaign BEBR FACULTY WORKING PAPER MO. 93-0133 College of Commerce and Business Administration University of Illinois at Urbana-Champaign May 1993 Spurious Break Luis C. Nunes Chung-Ming Kuan Paul Newbold Department of Economics SPURIOUS BREAK Luis C. Nunes ' Chung-Ming Kuan Paul Newbold Department of Economics University of Illinois at Urbana-Champaign May 3, 1993 t Research supported by a scholarship from Programa Ciencia - JNICT Portugal