Hanck, Christoph - Institut für Wirtschafts- und Sozialstatistik, … - 2007
We propose new tests for panel cointegration by extending the panel unit root of Choi [2001] and Maddala and Wu [1999 …] to the panel cointegration case. The tests are flexible, intuitively appealing and relatively easy to compute. We … size and power with other widely used panel cointegration tests. …