Holmes, Mark J.; Otero, Jesús; Panagiotidis, Theodore - In: Review of International Economics 18 (2010) 4, pp. 730-740
In this paper, we test for the stationarity of EU current account deficits. Our testing strategy addresses two key concerns with regard to unit-root panel data testing, namely (i) the identification of which panel members are stationary, and (ii) the presence of cross-sectional dependence. For...