منابع مشابه
An Intersection Test for Panel Unit Roots
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The so called “happiness paradox”, i.e. the non increasing long-term trends of the subjective wellbeing, has been explained by theories based on social comparisons. If such explanations are taken seriously, we have to further check whether they are consistent with the observed trends in hours worked in Western countries. Available evidence suggests that leisure time is only weakly increasing, e...
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This paper proposes a new panel unit root test based on Simes’ [Biometrika 1986, “An Improved Bonferroni Procedure for Multiple Tests of Significance”] classical intersection test. The test is robust to general patterns of cross-sectional dependence and yet straightforward to implement, only requiring p-values of time series unit root tests of the series in the panel, and no resampling. Monte C...
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This paper presents the nonlinear IV methodology as an effective inferential basis for nonstationary panels. The nonlinear IV method resolves the inferential difficulties in testing for unit roots arising from the intrinsic heterogeneities and cross-dependencies of panel models. Individual units are allowed to be dependent through correlations among innovations, interrelatedness of short-run dy...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.896066