Unit root tests have been known for a long time to suffer from a variety of problems. Considering that simulation methods are obvious candidates for solving some of these problems, the aim of this paper is to assess the performance of bootstrap tests of the unit root hypothesis of the...

In this paper a Factorial Matrices technique suitable for exploratory analysis of multivariate, disaggregated time series is presented and applied to a data set covering 19 US manufacturing industries over the years 1979 to 1990. The empirical analysis confirms that the technique is a powerful...