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• W2022381426 abstract "This paper illustrates that, under the null hypothesis of no cointegration, the correlation of p-values from a single-equation residual-based test (i.e., ADF or ) with a system-based test (trace or maximum eigenvalue) is very low even as the sample size gets large. With data-generating processes under the null or ‘near’ it, the two types of tests can yield virtually any combination of p-values regardless of sample size. As a practical matter, we also conduct tests for cointegration on 132 data sets from 34 studies appearing in this Journal and find substantial differences in p-values for the same data set. Copyright © 2004 John Wiley & Sons, Ltd." @default.
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• W2022381426 date "2004-01-01" @default.
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• W2022381426 title "Mixed signals among tests for cointegration" @default.
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• W2022381426 doi "https://doi.org/10.1002/jae.733" @default.
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