In a recent paper Juodis and Reese (2022) (JR) show that the application of the CD test proposed by Pesaran (2004) to residuals from panels with latent factors results in over-rejection. They propose a randomized test statistic to correct for over-rejection, and add a screening component to...

This paper makes a twofold contribution, First, it develops the dynamic factor model of Barigozzi et al. (2016) by allowing for fractional integration instead of imposing the classical dichotomy between I(0) stationary and I(1) non-stationary series. This more general setup provides valuable...

A case of the rapid propensity of urbanization leading to skewed dynamics of metropolitan urban agglomeration (MUA) and its extent of complementarities with the socio-economic and socio-cultural well-being of the communities. Analyses of the dynamics and complementarities offer researchers a...