Recursive mean adjustment for panel unit root tests

Dong Wan Shin, Seungho Kang, Man Suk Oh

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)


Recursive mean adjustment is applied for the t-bar test for panel unit roots. A Monte-Carlo experiment shows that the recursively mean adjusted test has substantially greater power than the ordinarily mean adjusted test.

Original languageEnglish
Pages (from-to)433-439
Number of pages7
JournalEconomics Letters
Issue number3
Publication statusPublished - 2004 Sept

Bibliographical note

Funding Information:
This research is supported by a grant from Korea Research Foundation (Grant # KRF-2003-042-C00016).

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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