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Finite Sample Correction Factors for Panel Cointegration Tests

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Author Info
Jaroslava Hlouskova
Martin Wagner

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Abstract

In this paper we present finite "T" mean and variance correction factors and corresponding response surface regressions for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson "et al." (2001) and Breitung (2005). For the single equation tests, we consider up to 12 regressors and for the system tests vector autoregression dimensions up to 12 variables. All commonly used specifications for the deterministic components are considered. The sample sizes considered are "T"  is an element of  {10,20,30,40,50,60,70,80,90,100,200,500}. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2009.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0084.2009.00559.x
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Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics and Statistics.

Volume (Year): 71 (2009)
Issue (Month): 6 (December)
Pages: 851-881
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Handle: RePEc:bla:obuest:v:71:y:2009:i:6:p:851-881

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This page was last updated on 2009-12-19.


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