presence of incidental trends in panel unit root test setting is ubiquitous. …

univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for … null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …

In this paper we propose a simple extension to the panel case of the covariate-augmented Dickey Fuller (CADF) test for … with respect to other popular panel approaches. A procedure to compute the asymptotic p-values of Hansen’s CADF test is … hypothesis and the presence of a unit root in international industrial production indices. -- unit root ; panel data …

This study develops new rank tests for panels that include panel unit root tests as a special case. The tests are …

The present paper studies the panel data auto regressive (PAR) time series model for testing the unit root hypothesis …

Applying the new panel unit root test developed in this paper, we can overcome the pitfalls of old-fashioned panel unit …-Fuller and traditional panel data unit root test, however, when using the new test developed in this paper we find strong …

useful way of summarizing the persistence in a panel data set, as well as a complement to more traditional panel unit root …

This paper investigates the validity of purchasing power parity (PPP) for 25 OECD countries by using a panel unit … by the combination of the time-series and cross-sectional data and the subsequent power advantages of panel data unit …

Missing data or missing values are a common phenomenon in applied panel data research and of great interest for panel … data unit root testing. The standard approach in the literature is to balance the panel by removing units and/or trimming a … common time period for all units. However, this approach can be costly in terms of lost information. Instead, existing panel …