Ahking, Francis W. - In: The Open Economics Journal 2 (2009), pp. 71-79
called the Objective" Bayesian approach to unit-root testing. Koop's objective Bayesian test is interesting in light of the … test is biased in favor of trend-stationarity. We conclude that, at least for the objective Bayesian test, it is not better …. Overall, contrary to the favorable simulation results obtained by Koop [1], our results suggest that the objective" Bayesian …