The Phillips unit root tests for polynomials of integrated processes revisited

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 176
Issue: C
Pages: 109-113

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that the Phillips (1987) unit root tests have nuisance parameter free limiting distributions when applied to polynomials of integrated processes driven by linear process errors. This substantially generalizes a similar result of Wagner (2012) allowing only for serially uncorrelated errors. The result is based on novel kernel weighted sum limit results involving powers of integrated processes. These results allow us to consider additional modifications of the Phillips (1987) tests applicable to polynomials of integrated processes.

Technical Details

RePEc Handle
repec:eee:ecolet:v:176:y:2019:i:c:p:109-113
Journal Field
General
Author Count
2
Added to Database
2026-01-29