Some researchers, for example, Koop [1], and Sims [2], have advocated for Bayesian alternatives to unit-root testing over the classical approach using the augmented Dickey-Fuller test (ADF). This paper studies the power of what Koop [1] has called the Objective" Bayesian approach to unit-root...

We test for the short-run and long-run relationships between the Connecticut real gross state product and the U.S. real gross domestic product using quarterly data and a number of different statistical approaches. Quarterly observations on Connecticut real gross state product are not generally...