2011. We employ the Sequential Panel Selection Method (SPSM) procedure using the Panel KSS unit root test with a Fourier … function, a novel approach to panel unit root testing. The SPSM approach classifies the whole panel into a group of stationary …

. (KSS) test with a Fourier function, which is sufficiently efficient to control for structural breaks and nonlinearity as …

Fourier function. Although most of the results from a univariate unit root test and panel unit root test indicated a fail to … reject the unit root null hypothesis in the real exchange rates of G-20, the results of the Panel SURADF test with Fourier … function show a strong rejection of non-stationarity of real exchange rates among the G-20 and imply that PPP is valid for all …

) with a Fourier function indicate that PPP holds true for most of these transition countries studied. Our results have …

This study applies Panel KSS Test with a Fourier function through the Sequential Panel Selection Method, proposed by … in a panel setting, the SPSM-based panel KSS with a Fourier function can clearly identify how many and which series in … the SPSM-based panel KSS with a Fourier function unequivocally indicate that house price/income ratios are stationary for …