panel unit root test
Small sample properties of CIPS panel unit root test under conditional and unconditional heteroscedasticity
... the panel unit root test methodology has focused on how to consider correlation between cross ...(LLC test) proposed by Levin et al. (2002), the averaged t-test (IPS test) ...
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Is Per Capita Real GDP Stationary in the OECD Countries? Evidence from a Panel Unit Root Test
... ADF unit root test on single time series, it is found that real GDP per capita series of most OECD countries have unit ...of panel data unit root tests. We apply the ...
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Panel Unit Root Test with Nonlinear Mean Reversion and Smooth Breaks
... the unit root test of Christopoulos and Leòn-Ledesma (2010) to accommodate not only structural breaks and non-linear mean reversion, but also the contemporaneous cross-sectional dependence commonly ...
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Determinants of Foreign Direct Investment in Indochina: A holistic approach
... Using panel unit- root test and Random effects on panel data for 16 years from 1996 to 2012 to examine significant determinants of FDI in Indochina, the paper takes into account ...
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Does Fisher hypothesis hold for the East Asian Economies? an application of panel unit root tests
... (2001) test from above- mentioned panel unit root ...this test is devised for finite N as well as for infinite N, where N denotes the number of ...this test also deals problems ...
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Empirical Evidence on the Long-Run Money Demand Function in the GCC Countries
... using Panel unit root test, we applied the panel FMOLS, PDOLS and PMGE method to estimate the long-run money demand function for six GCC ...data. Panel cointegration tests ...
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Empirical analysis on impact of FDI on the level of urbanization in costal areas
... the panel unit root test, cointegration and error correction models in FDI relations with urbanization of Guangdong Province, the result shows reciprocal causation relationship between FDI and ...
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The Validity of Purchasing Power Parity Hypothesis in E-7 Countries: Panel Data Analysis
... the panel unit root test developed by Levin and ...the panel are heterogeneous. Assuming the presence of unit-specific lag structures eliminates misspesification problem and ...
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The sustainability of trade balances in Sub Saharan Africa: panel cointegration tests with cross section dependence
... that panel unit root tests can lead to spurious conclusions if they fail to take account of significant degrees of the cross-section ...new panel unit root test that ...
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Testing Weak Form Market Efficiency for Emerging Economies: A Nonlinear Approach
... linear test are not taken into consideration of nonlinearities and this can be seen as model ...nonlinear test, first of all we see that the data generating process is ...nonlinear panel unit ...
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Effects of Foreign Direct Investment in Sub-Saharan Africa Economic Growth: Evidence from Panel Data Analysis
... Fisher-type panel unit root tests suggest, most of these tests are unable to reject the null hypothesis of unit root in levels, which means that LFDI, LEX and LGDP are non-stationary in ...
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The Feldstein –Horioka Puzzle and structural breaks: Evidence from the largest countries of Asia
... the panel unit root are ...(LLC) test (Levin et al., 2002), the Breitung (Breitung, 2000) test, the Im, Pesaran and Shin (IPS) test (Im et ...LLC test is based on ...
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Fostering innovation in South Asia: Evidence from FMOLS and Causality analysis
... another, Panel unit root test to check the stationary of the data and Panel Cointegration test to check long run relationship among the ...Hurlin panel causality ...
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Co-movement of Foreign Direct and Portfolio Investments in Central and Eastern Europe
... generation panel unit root test, panel- Wald causality test procedure and panel cointegration analysis allowing for structural breaks, and cross-sectional ...
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Currency Crises and Purchasing Power Parity in the Asian Countries: Evidence Based on Second-Generation Panel Unit-Root Tests
... first-generation panel unit-root test may over-reject the stationary null and maybe overly supportive of ...the test statistic can be far greater than the normal size when the ...
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Financial Integration of East Asian Economies: Evidence from Real Interest Parity
... single-equation test to examine the unit root null of ...nonstationary panel unit root test that allows for greater flexibility in modeling differences in the behavior ...
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Purchasing Power Parity in South Asia: A Panel Data Approach
... a panel unit root test that is robust to structural breaks due to currency ...IPS test only, Coakley, Kellard and Snaith (2005) apply IPS and CIPS (which takes the cross-sectional ...
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Long run implications of the covered interest rate parity condition: evidence during the recent crisis and non crisis periods
... of unit root tests that can detect structural breaks in ...stationarity test was originally developed in order to check the time-series properties of univariate data (Dickey and Fuller ...a ...
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Empirical Evidence on the Long Run Money Demand Function in the GCC Countries
... to test whether the variables contain a panel unit root to confirm the stationarity of M2, NOG (or GDP), Drate, Tbill, and ...of panel unit root tests which are: ...
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"Assessing the Gap between Observed and Perceived Inflation in the Euro Area: Is the Credibility of the HICP at Stake?" NBB Working Paper No. 112, April 2007
... a unit root could be rejected at that significance level during the reference ...area panel and for the changeover control ...area panel are initially fairly stable and remained below the 5 ...
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