How to choose which panel unit root tests to apply?

12 March 2024 0 6K Report

Hi, I have an balanced panel data (cross-country included 11 and periods 9 years). I tested the Cross-section dependence test and had a result of cross-sectionally dependence.

So I wonder, when I run panel unit root tests, which test can I apply? (LLC, IPS, ADF-Fisher, PP-Fisher, CIPS,...)

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