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Comparison of panel unit root tests under cross sectional dependence

✍ Scribed by Myoung Jin Jang; Dong Wan Shin


Book ID
116421111
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
96 KB
Volume
89
Category
Article
ISSN
0165-1765

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## Abstract Recently, considerable emphasis has been placed on the problems arising out of cross‐sectional dependence in panel unit root tests. This paper adopts the factor‐based cross‐sectional dependence paradigm of Bai and Ng (2005) but suggests alternative factor extraction methods. Some theore