Abstract: In this paper, we study the small sample properties of the panel data stationarity test of Hadri (2000). We … find that the previously suggested moments, that are to be used when standardizing the panel data stationarity test, cause … standardizing moments that are to be used in a panel data stationarity test when samples are small and serial correlation in the …

macroeconomic factors, using panel data analysis. The examined variables are market capitalization, industrial production, the …

In this paper, we investigate the effects of cross-sectional disturbance correlation in a homogenous panel-data unit … performs well in small-sample homogenous panel-data unit root tests. The reduction in size distortion comes at small cost of …

countries for the period 2000 to 2009 using panel data methodology. The GINI coefficient has been used to measure the income …