This paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce … disappears, and strong empirical support is found for PPP. It appears therefore that recent advances in panel data econometrics …

tested for in panel data, but not in univariate (i.e. country specific) analysis. The usual explanation for this mismatch is … that panel tests for unit roots and cointegration are more powerful than their univariate counterparts. In this paper we … suggest an alternative explanation for the mismatch. More generally, we warn against the use of panel methods for testing for …

apply a recently introduced panel stationary test, which accounts for sharp breaks and smooth shifts. The results indicate …

integration ; misalignment ; second-generation panel unit-root and cointegration tests …

integration ; misalignment ; second-generation panel unit-root and cointegration tests …

integration ; misalignment ; second-generation panel unit root and cointegration tests …

We used panel data analysis to evaluate the relative purchasing power parity (PPP) hypothesis of the ten ASEAN member … countries between 1973 and 2015. We incorporated the cross-sectionally augmented panel unit root test as proposed by Pesaran (J … Appl Econ 22:265-312, 2007). For panel cointegration analysis, we employed the four error-correction-based Westerlund (Oxf …

This study applies multivariate panel cointegration technique to evaluate purchasing power parity (PPP) hypothesis by …