More powerful panel data unit root tests with an application to mean reversion in real exchange rates

By L. Smith, S. Leybourne, Tae-Hwan Kim, P. Newbold. 2004

315 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0539d78250b9afe54bff05417475154500888390

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In Economics and Econometrics

Citations in the corpus

Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries (2012, methodology): “* Test based on Smith et al. (2004).”
Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure (2006, unknown): “(1996), Fuller and Park (1995), and Leybourne (1995) as in Smith et al. (2004).”
A simple panel unit root test in the presence of cross-section dependence (2007, unknown): “Smith et al. (2004), on the grounds that the latter is less likely to be subject to structural breaks.”
Panel cointegration tests of the Fisher effect (2006, background): “…particular bootstrap opted for this section is taken from Chang et al. (2006), who propose a sieve resampling scheme that preserves the serial correlation properties of the errors, and that can be generalized along the lines of Smith et al. (2004) to also accommodate cross-sectional dependency.”
The causal dynamics between renewable energy, real GDP, emissions and oil prices: evidence from OECD countries (2014, methodology): “2 See Smith et al. (2004) and Pesaran (2007) for details of these second-generation panel unit root tests.”
Economic growth in South Asia: Role of infrastructure (2012, methodology): “2004 ; Choi 2006 ; Pesaran 2007 ) allowing for cross-sectional dependence.”
Panel Unit Root Tests in the Presence of a Multifactor Error Structure (2013, methodology): “(1996), Fuller and Park (1995), and Leybourne (1995) as in Smith et al. (2004).”
A Simple Panel Unit‐Root Test with Smooth Breaks in the Presence of a Multifactor Error Structure (2016, unknown): “…1999) and the second generation articles focus on the tests that allow cross-dependent errors (Chang, 2002; Breitung and Das, 2003; Phillips and Sul, 2003; Bai and Ng, 2004; Moon and Perron, 2004; Smith et al., 2004; Choi and Chue, 2007; Pesaran, 2007; Pesaran, Smith andYamagata, 2009, 2012, 2013).”
Unit Roots and Cointegration in Panels (2005, unknown): “The test suggested by Tanaka (1990) and Kwiatkowski et al.”