New Simple Tests for Panel Cointegration
By Joakim Westerlund. 2005
1,180 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/1fefa760e5c0c3ce0e2547c93ef98bf845dad5c1
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In Economics and Econometrics
- Muhammad Shahbaz
- Mantu Kumar Mahalik
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Citations in the corpus
- Unit Roots and Cointegration in Panels (2005, neutral): “Westerlund (2005b) suggests a related test procedure based on the CUSUM statistic.”
- How strong is the causal relationship between globalization and energy consumption in developed economies? A country-specific time-series and panel analysis (2018, methodology): “Table-3: Westerlund (2007) Cointegration Test Analysis”
- Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL (2018, methodology): “We tested the data with the Pedroni (1999, 2004) and Westerlund (2005) tests, but we just included one fossil fuel price at a time, not only because there is a high level of correlation between oil and coal price, but also because as these variables do not present cross-country variation they may…”
- Natural resources abundance, economic globalization, and carbon emissions: Advancing sustainable development agenda (2021, methodology): “The Westerlund and Edgerton (2008) cointegration analysis presumes that the null hypothesis is that there is no cointegration.”
- Panel cointegration tests of the Fisher effect (2006, background): “…most existing tests of this kind rely critically on assuming that the cross-sectional units are independent of each other, see Pedroni (2004) and Westerlund (2005) among others.4 As O’Connell (1998) has shown, when this assumption is violated, tests that are based upon it become invalid.”
- Theoretical Framework for the Carbon Emissions Effects of Technological Progress and Renewable Energy Consumption (2021, methodology): “statistics, as it is well known that Westerlund (2007) test leads to under-rejection in small samples.”