Emirmahmutoglu, Furkan; Gupta, Rangan; Miller, Stephen M.; … - Department of Economics, Faculty of Economic and … - 2014
-root procedures. The new developments incorporate non-linearity, asymmetry, and cross-sectional correlation within panel data … estimation. Including nonlinearity and asymmetry finds that 43 states exhibit stationary real per capita personal income whereas … nonstationary real per capita personal income when considering nonlinearity, asymmetry, and cross-sectional dependence. …