In this paper we analyse bootstrap procedures for systems cointegration tests with a prior adjustment for deterministic … considers the standard asymptotic test versions and the Johansen cointegration test for comparison. -- Bootstrap ; Systems … the bootstrap test procedures are derived and their small sample properties are studied. The simulation study also …

bootstrap. Simulation evidence shows that the proposed panel tests improve considerably on asymptotic tests applied to … reject the null of stability, the bootstrap panel tests lead to the more plausible conclusion that the long-run relationship …