Add to ORKGWe propose to combine recent developments in univariate and multivariate unit root testing in order to construct a more powerful panel unit root test. We extend the GLS-detrending procedure of Elliott, Rothenberg and Stock (1996) to a panel Augmented Dickey-Fuller test. The finite sample power properties of the new test demonstrate a very large gain when compared to existing tests, especially for small panels. We then investigate the topic of Purchasing Power Parity for the post Bretton- Woods period via this new test. The results show strong rejections of the unit root hypothesis.DF-GLS test, Panel unit root
This paper reviews recent developments in the analysis of non-stationary panels, focusing on empiric...
This paper uses a recently suggested test for unit roots in panels of time series data (Maddala and ...
In this paper we show the consequences of applying a panel unit root test that assumes independence ...
This paper o¤ers a panel extension of the unit root test proposed by El-liott, Rothenberg and Stock ...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
This paper proposes a new panel unit root test based on Simes’ [Biometrika 1986, “An Improved Bonfe...
In this study, we systemically apply nine recent panel unit root tests to the same fourteen macroeco...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
This paper reviews recent developments in the analysis of non-stationary panels, focusing on empiric...
This paper uses a recently suggested test for unit roots in panels of time series data (Maddala and ...
In this paper we show the consequences of applying a panel unit root test that assumes independence ...
This paper o¤ers a panel extension of the unit root test proposed by El-liott, Rothenberg and Stock ...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
Applying the new panel unit root test developed in this article, we can overcome the pitfalls of old...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
This paper proposes a new panel unit root test based on Simes’ [Biometrika 1986, “An Improved Bonfe...
In this study, we systemically apply nine recent panel unit root tests to the same fourteen macroeco...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) o...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
A unit root testing procedure is presented that exploits the well-established power advantages of pa...
This paper reviews recent developments in the analysis of non-stationary panels, focusing on empiric...
This paper uses a recently suggested test for unit roots in panels of time series data (Maddala and ...
In this paper we show the consequences of applying a panel unit root test that assumes independence ...