Geppert, John M.; Jares, Timothy E.; Lavin, Angeline M. - In: Journal of Financial Research 25 (2002) 3, pp. 321-335
Panel unit root tests represent a significant advancement in addressing the low power of unit root tests by exploiting cross-sectional and time-series information. In this article we employ Monte Carlo techniques to quantify the power improvements due to cross-sectional information and assess...