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A more powerful panel unit root test with an application to PPP

✍ Scribed by Lau, Chi Keung Marco


Book ID
120467388
Publisher
Taylor and Francis Group
Year
2009
Tongue
English
Weight
118 KB
Volume
16
Category
Article
ISSN
1350-4851

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More powerful panel data unit root tests
✍ L. Vanessa Smith; Stephen Leybourne; Tae-Hwan Kim; Paul Newbold πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 153 KB

## Abstract Unit root tests, seeking mean or trend reversion, are frequently applied to panel data. We show that more powerful variants of commonly applied tests are readily available. Moreover, power gains persist when the modifications are applied to bootstrap procedures that may be employed when