Testing for unit roots has special significance in terms of both economic theory and the interpretation of estimation results. as there are several methods available, researchers face method selection problem while conducting the unit root test on time series data in the presence of structural...

Testing for unit roots has special significance in terms of both economic theory and the interpretation of estimation results. As there are several methods available, researchers face method selection problem while conducting the unit root test on time series data in the presence of structural...

Classical and Bayesian unit root test procedures are reviewed, with an emphasis on testing principles and recent developments. A numerical illustration and annotated references and bibliography are provided. Classification-JEL: C22

This paper examines the proposition that the climatic shift has been responsible for creating adverse effects on economic growth, and the authors have analysed this situation for India. They consider the number of oceanic storms in the Indian Ocean and the annual mean temperature of India for...

This paper examines spurious Granger causality between a trend stationary process with structural breaks and a stochastic trend process. Monte Carlo simulations show that whether or not there are deterministic variables in the testing models, the sample size and the parameter values of the data...