Almost All About Unit Roots

Many Economic Theories Depend On The Presence Or Absence Of A Unit Root For Their Validity And Econometric And Statistical Theory Undergo Considerable Changes When Unit Roots Are Present. Thus Knowledge On Unit Roots Has Become So Important Necessitating An Extensive Compact And Nontechnical Book On This Subject. This Book Is Rested On This Motivation And Introduces The Literature On Unit Roots In A Comprehensive Manner To Both Empirical And Theoretical Researchers In Economics And Other Areas. By Providing A Clear Complete And Critical Discussion Of Unit Root Literature In Choi Covers A Wide Range Of Topics Including Uniform Confidence Interval Construction Unit Root Tests Allowing Structural Breaks Mildly Explosive Processes Exuberance Testing Fractionally Integrated Processes Seasonal Unit Roots And Panel Unit Root Testing.. Extensive Up To Date And Readily Accessible This Book Is A Comprehensive Reference Source On Unit Roots For Both Students And Applied Workers.