Abstract
Recursive mean adjustment is applied for the t-bar test for panel unit roots. A Monte-Carlo experiment shows that the recursively mean adjusted test has substantially greater power than the ordinarily mean adjusted test.
Original language | English |
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Pages (from-to) | 433-439 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 84 |
Issue number | 3 |
DOIs | |
State | Published - Sep 2004 |
Keywords
- Bias
- Recursive mean adjustment
- Unit root test