Deng, Ai; Perron, Pierre - Department of Economics, Boston University - 2005
comparing the so-called “bounded-trend” and “unbounded-trend” asymptotic frameworks. Not surprisingly, the “bounded-trend … data, the “bounded-trend" asymptotic framework completely misses important features of the finite sample distribution of … findings, which expose the drawbacks of using the “bounded-trend” asymptotic framework in the context of structural change …