2000
DOI: 10.2139/ssrn.237011
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Local Power Functions of Tests for Double Unit Roots

Abstract: D a?ic 2fff Ot|iBW| Wkh sxusrvh ri wklv sdshu lv wr fkdudfwhul}h wkuhh frpprqo| xvhg grxeoh xqlw urrw whvwv lq whupv ri wkhlu dv|pswrwlf orfdo srzhu1 Wr wklv hqg/ zh vwxg| d fodvv ri qhduo| grxeo| lqwhjudwhg surfhvvhv zklfk lq wkh olplw zloo ehkdyh dv d zhljkwhg lqwhjudo ri d grxeoh lqgh{hg Ruqvwhlq0Xkohqehfn surfhvv1 Edvhg rq d qxphulfdo h{dplqdwlrq ri wkh dqdo|wlfdo glvwulexwlrqv/ d frpsdulvrq ri wkh whvwv lv pdgh yld wkhlu dv|pswrwlf orfdo srzhu ixqfwlrqv1 lj+NiatH t)4T|L|U *LU@* TLih u?U|L?c hL?@? 4L|L?c h… Show more

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