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New panel unit root tests of PPP

✍ Scribed by Jerry Coakley; Ana Marı́a Fuertes


Book ID
117333131
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
59 KB
Volume
57
Category
Article
ISSN
0165-1765

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Panel unit root tests and spatial depend
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## Abstract This paper studies the performance of panel unit root tests when spatial effects are present that account for cross‐section correlation. Monte Carlo simulations show that there can be considerable size distortions in panel unit root tests when the true specification exhibits spatial err