This article is our personal perspective on the IPS test and the subsequent developments of unit root and cointegration …

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in …

This paper applies fractional integration and cointegration methods to examine respectively the univariate properties …

We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed … economies over the 2001-2018 period, while accounting for model uncertainty and reverse causality. On the one hand, we find …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the …This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …