Paparoditis, Efstathios; Politis, Dimitris N - Department of Economics, University of California-San … - 2001
A new resampling procedure, the continuous-path block bootstrap, is proposed in the context of testing for integrated … validity of CBB-based unit root testing is shown via a bootstrap functional limit theorem. Applications of the new procedure to … confirm a good alpha-level accuracy and an increased power associated with CBB-based unit root testing. …