Error-Correction–Based Cointegration Tests for Panel Data
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This article describes a new Stata command called xtwest, which implements the four error-correction–based panel cointegration tests developed by Westerlund (2007). The tests are general enough to allow for a large degree of heterogeneity, both in the long-run cointegrating relationship and in the short-run dynamics, and dependence within as well as across the cross-sectional units.
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- Authors
- Persyn, D., & Westerlund, J.
- Affiliations
- KU Leuven (BE)
- Lund University (SE)
- Corresponding author
- Persyn, Damiaan
- Venue
- The Stata Journal: Promoting communications on statistics and Stata
- Publisher
- SAGE Publications
- Published
- 2008-06
- Volume
- 8
- Issue
- 2
- Pages
- 232-241
- ISSN
- 1536-867X (ISSN-L)
- 1536-8734
- OpenAlex
- W2112778351
- Cited by
- 770
- References
- 5
- Citations by year
- 2026: 66 · 2025: 72 · 2024: 75 · 2023: 70 · 2022: 74 · 2021: 62 · 2020: 44 · 2019: 45 · 2018: 28 · 2017: 31 · 2016: 42 · 2015: 32 · 2014: 35 · 2013: 26 · 2012: 33
- FWCI
- 26.97
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- The Stata Journal Promoting communications on statistics and Stata (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- AgEcon Search (University of Minnesota, USA) (submittedVersion, cc-by-nc-nd)
- Lirias (submittedVersion)
- Lund University Publications (Lund University) (submittedVersion)
- AgEcon Search (University of Minnesota, USA)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Spatial and Panel Data Analysis
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Keywords
- panel cointegration, error correction model, cross-sectional dependence, short-run dynamics, Stata software
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