R
Robert McNown
Researcher at University of Colorado Boulder
Publications - 68
Citations - 2815
Robert McNown is an academic researcher from University of Colorado Boulder. The author has contributed to research in topics: Cointegration & Population. The author has an hindex of 24, co-authored 65 publications receiving 2432 citations. Previous affiliations of Robert McNown include University of South Carolina.
Papers
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Bootstrapping the autoregressive distributed lag test for cointegration
TL;DR: In this paper, a bootstrap autoregressive-distributed lag (ARDL) test was proposed to test the Pesaran, Shin and Smith ARDL bounds test.
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Do Revenues or Expenditures Respond to Budgetary Disequilibria
Hamid Baghestani,Robert McNown +1 more
TL;DR: In this article, the authors test three alternative theories of the budgetary process for the United States and test whether increases in the size of the federal budget tend to be initiated by changes in expenditures followed by revenue adjustments, by reverse sequence, or both.
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National price levels, purchasing power parity, and cointegration: a test of four high inflation economies
Robert McNown,Myles S. Wallace +1 more
TL;DR: In this paper, the time series properties of exchange rates and wholesale prices from four high inflation countries show some evidence in support of purchasing power parity, and error correction models describe the mechanism of adjustment to long-run equilibrium.
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Misleading Inferences from Panel Unit‐Root Tests with an Illustration from Purchasing Power Parity
TL;DR: In this paper, a new unit-root test was proposed to determine the mix of I(0) and I(1) series in a single-equation augmented Dickey-Fuller test.
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Series-specific Unit Root Tests with Panel Data*
TL;DR: In this article, a unit root testing procedure is presented that exploits the well-established power advantages of panel estimation while rectifying a deficiency in other panel unit root tests, called SURADF, which is based on seemingly unrelated regressions applied to Augmented Dickey-Fuller (ADF) tests for unit root.