In panel data econometrics the Hausman test is of central importance to select an e?cient estimator of the models … not be met by empirical data. We propose a bootstrap approach to specification testing in panel data models which is …

In panel data econometrics the Hausman test is of central importance to select an e?cient estimator of the models … not be met by empirical data. We propose a bootstrap approach to specification testing in panel data models which is …

performance of homogenous panel unit root tests in the presence of permanent volatility shifts. It is shown that in this case …, panel unit root tests derived under time invariant innovation variances lose control over actual significance levels while … hypothesis. -- Panel unit root tests ; variance breaks ; cross sectional dependence ; Fisher hypothesis …

Standard panel unit root tests (PURTs) are not robust to breaks in innovation variances. Consequently, recent papers …

Standard panel unit root tests (PURTs) are not robust to breaks in innovation variances. Consequently, recent papers …

static panel models. Thirdly, via scatter diagrams of cross section specific estimates we observe a different time evolution …

potential equilibrium relation. The considered sample is an unbalanced panel and comprises monthly time series data from more … a world wide perspective the (average) Fisher coefficient is less than unity. Applying panel unit root and cointegration …

In panel data econometrics the Hausman test is of central importance to select an e±cient estimator of the models … not be met by empirical data. We propose a bootstrap approach to specification testing in panel data models which is …

. The current account imbalances are found to be bounded nonstationary for most OECD economies. Panel based test statistics …