Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061207 | Economics Letters | 2010 | 4 Pages |
Abstract
We show that any consistent tests for serial correlation have unit local power against the nearly integrated, nearly white noise process. The expected higher power is confirmed in finite sample Monte Carlo simulations.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ai Deng,