This paper proposes two new panel unit root tests based on Zaykin et al. (2002)’s truncated product method. The first … cross-section dependence in the panel units. Monte Carlo simulation shows that both tests have reasonably good size and are … powerful in cases of some very large p-values. The proposed tests are applied to a panel of real GDP and inflation density …

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 …

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random … models, and the more recent developments in the area of cross-sectional dependence in panel data models. …

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random … models, and the more recent developments in the area of cross-sectional dependence in panel data models. Keywords: random …

restristions for standard GMM estimators in autoregressive panel data models. A comparison is made with recent test proposals based …

This paper presents results concerning the performance of both single equation and system panel cointegration tests and … cointegrating ranks varying from zero to two for fourteen different panel dimensions. The usual specifications of deterministic …

-effects coefficients. While both test procedures lead to the same conclusions, the panel model specification underlying our testing … test is illustrated using a panel of household travel data for Germany. …

An attractive feature of panel unit root tests is the ability to exploit coefficient homogeneity under the null … alternative hypothesis of heterogeneous panel unit root tests of at least one series being stationary, the researcher is left with …