Due to weaknesses in traditional tests, a Bayesian approach is developed to investigate whether unit roots exist in macroeconomic time-series. Bayesian posterior odds comparing unit root models to ...

A nonparametric, residual-based block bootstrap procedure is proposed in the context of testing for integrated (unit root) time series. The resampling procedure is based on weak assumptions on the ...

The news correspondents obtained a quote from the research from Erasmus University, "Although testing for a unit root has been studied extensively in econometrics, the method and asymptotic results ...