Which approach is considered to give more reliable results - CIPS or CADF for panel unit root test?

02 January 2022 0 7K Report

CIPS- Cross Sectionally augmented lm, Pesaran, and Shin unit root test)

CADF- Cross Sectional augmented Dickey Fuller unit root test

Both CIPS and CADF tests are performed under the null hypothesis of non-stationarity of the variables against the alternative against the alternative hypothesis of otherwise.

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