Aslanidis, Nektarios; Fountas, Stilianos - In: Empirical Economics 46 (2014) 1, pp. 101-108
We use historical data that cover more than one century on real GDP for industrial countries and employ the Pesaran panel unit root test that allows for cross-sectional dependence to test for a unit root on real GDP. At first, we find strong evidence against the unit root null. Our results seem...
