INCIDENTAL TRENDS AND THE POWER OF PANEL UNIT ROOT TESTS By
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منابع مشابه
The power performance of fixed-T panel unit root tests allowing for structural breaks in their deterministic components
The asymptotic local power of least squares based xed-T panel unit root tests allowing for a structural break in their individual e¤ects and/or incidental trends of the AR(1) panel data model is studied. These tests correct the least squares estimator of the autoregressive coe¢ cient of this panel data model for its inconsistency due to the individual e¤ects and/or incidental trends of the pan...
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