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  • Search: subject:"Persistent nonlinearity"
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Local power 1 Near integration 1 Nonlinear models 1 Persistent nonlinearity 1 Stochastic trend 1
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Free 1
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Book / Working Paper 1
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English 1
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Demetrescu, Matei 1 Kruse, Robinson 1
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School of Economics and Management, University of Aarhus 1
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CREATES Research Papers 1
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RePEc 1
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The Power of Unit Root Tests Against Nonlinear Local Alternatives
Demetrescu, Matei; Kruse, Robinson - School of Economics and Management, University of Aarhus - 2012
has better power against local alternatives. We illustrate this in an asymptotic framework of what we call persistent … nonlinearity. The theoretical findings of this article explain previous results in the literature obtained by simulation …
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