Örsal Karaman, Deniz Dilan - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007
maximum-likelihood-based panel cointegrationtests with the help of Monte Carlo simulations. In this study the panel-rho, the … group-rho, the panel-t, the group-t statistics of Pedroni (1999) and the standardized LR-barstatistic of Larsson et al …. (2001) are considered. The simulation results indicate thatthe panel-t and standardized LR-bar statistic have the best size …