Reflections on "Testing for Unit Roots in Heterogeneous Panels"

Kyung So Im, Mohammad Pesaran () and Yongcheol Shin

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This article is our personal perspective on the IPS test and the subsequent developments of unit root and cointegration tests in dynamic panels with and without cross-section dependence. In this note, we discuss the main idea behind the test and the publication process that led to Im, Pesaran and Shin (2003).

Keywords: Dickey and Fuller statistic; stationarity; panel unit root tests; prevalence of unit roots. (search for similar items in EconPapers)
JEL-codes: C01 C23 (search for similar items in EconPapers)
Date: 2023-01-11
New Economics Papers: this item is included in nep-ecm and nep-ets
Note: mhp1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Reflections on “Testing for Unit Roots in Heterogeneous Panels” (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:2310

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