This paper develops a simple panel unit-root test that accommodates cross-sectional dependence among variables and …

macroeconometric panel data with cross-sectional dependence. The testing procedure for a common rank among the panel units is based on …

We investigate the purchasing power parity hypothesis for a group of 17 countries using a new panel based test of …, these features provide a generally applicable solution to the problem of testing for stationarity versus unit roots in macro-panel …

This paper proposes a simple panel unit root test based on Zaykin et al.’s (2002) truncated product method. The test is … is applied to a panel of 27 OECD real exchange rate series as well as to a group of inflation density forecasts in the …

This paper proposes a new likelihood-based panel cointegration rank test which extends the test of Örsal & Droge (2012 …) (henceforth Panel SL test) to allow for cross-sectional dependence. The dependence is modelled by unobserved common factors which … panel analysis of nonstationarity in idiosyncratic and common components (PANIC) approach of Bai & Ng (2004) and the …

This paper proposes a new simple panel unit-root test by extending the cross-sectionally augmented panel unit-root test … the validity of long-run purchasing power parity. The proposed test complements the panel unit-root tests with breaks …

to 2017. An approach that combines threshold modelling, panel data unit root testing and critical values bootstrapping is …

This paper proposes two new panel unit root tests based on Zaykin et al. (2002)’s truncated product method. The first … cross-section dependence in the panel units. Monte Carlo simulation shows that both tests have reasonably good size and are … powerful in cases of some very large p-values. The proposed tests are applied to a panel of real GDP and inflation density …

Present paper considers structural break in panel AR(1) model which allows instability in mean, variance and … existing panel data time series model considering break studied by Levin et al. (2002), Pesaran (2004), Bai (2010), Liu et al …

Applying the new panel unit root test developed in this paper, we can overcome the pitfalls of old-fashioned panel unit …-Fuller and traditional panel data unit root test, however, when using the new test developed in this paper we find strong …