Karavias, Yiannis; Tzavalis, Elias - Granger Centre for Time Series Econometrics, School of …
their individual effects and/or incidental trends of the AR(1) panel data model is studied. These tests correct the least … effects and/or incidental trends of the panel. The limiting distributions of the tests are analytically derived under a …. For panel data models with incidental trends,the power of the tests becomes trivial. However, this problem does not always …