Mayoral, Laura - In: Oxford Bulletin of Economics and Statistics 68 (2006) s1, pp. 901-920
The well-known lack of power of unit-root tests has often been attributed to the short length of macroeconomic variables and also to data-generating processes (DGPs) departing from the "I"(1)-"I"(0) models. This paper shows that by using long spans of annual real gross national product (GNP) and...