Droge, Bernd; Örsal, Deniz Dilan Karaman - 2009
The purpose of this paper is to propose a new likelihood-based panel cointegration test in the presence of a linear … & Lütkepohl (2000) for trend-adjusted data to the panel data framework, and is called the panel SL test. The idea is first to take … power in small samples. -- Panel cointegration Test ; likelihood ratio ; time trend ; Monte Carlo study …