aThe University of Texas at Dallas, School of Economic, Political and Policy Sciences, Mail Station GR31, 800 West Campbell Road, Richardson, TX 75080-3021, USA
Abstract:
Utilizing recursive mean adjustment (RMA) we provide two unit root tests: the covariate RMA unit root test and the panel feasible generalized RMA unit root test. The proposed panel unit root tests are precise and powerful, especially when T > N.