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On Critical Values of Tests against a Change in Persistence

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Author Info
Uwe Hassler
Jan Scheithauer

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Abstract

Kim, Belaire-Franch and Amador ["Journal of Econometrics" (2002) Vol. 109, pp. 389-392] and Busetti and Taylor ["Journal of Econometrics" (2004) Vol. 123, pp. 33-66] present different percentiles for the same mean score test statistic. We find that the difference by a factor 0.6 is due to systematically different sample analogues. Furthermore, we clarify which sample versions of the mean-exponential test statistic should be correctly used with which set of critical values. At the same time, we correct some of the limiting distributions found in the literature. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2008.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0084.2008.00518.x
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Publisher Info
Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics and Statistics.

Volume (Year): 70 (2008)
Issue (Month): 5 (October)
Pages: 705-710
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Handle: RePEc:bla:obuest:v:70:y:2008:i:5:p:705-710

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This page was last updated on 2009-10-26.


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