Narayan, Seema; Narayan, Paresh Kumar - In: Journal of Economic Studies 38 (2011) 2, pp. 218-230
structural breaks – a test procedure proposed by Carrion‐i‐Silvestre et al. The panel versions of the KPSS‐type test, proposed by … Carrion‐ i ‐Silvestre et al. with and without structural breaks, are also applied. Findings – The paper finds that, while … univariate tests with and without structural breaks provide mixed results on persistence, the panel test suggests that shocks to …