Methoden vergleichen

	Pesaran CD-Test: Diagnostik für Querschnittsabhängigkeit in Paneldaten	CIPS-Test – Querschnitts-augmentierter IPS-Panel-Einheitswurzeltest
Fachgebiet	Ökonometrie	Ökonometrie
Familie	Hypothesis test	Hypothesis test
Entstehungsjahr	2021	2007
Urheber	M. Hashem Pesaran	M. Hashem Pesaran
Typ	Non-parametric diagnostic test	Panel unit-root test with cross-section dependence
Wegweisende Quelle	Pesaran, M. H. (2021). General diagnostic tests for cross-sectional dependence in panels. Empirical Economics, 60(1), 13–50.	Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265–312.
Aliasnamen	CD Test, Cross-Sectional Dependence Test, Pesaran General CD Test, Kesitsel Bağımlılık Testi	Pesaran CIPS Test, Cross-Sectionally Augmented IPS, Second-Generation Panel Unit-Root Test, CIPS Birim Kök Testi
Verwandt	3	3
Zusammenfassung	The Pesaran CD test is a general diagnostic procedure for detecting cross-sectional dependence in panel data models. Developed by M. Hashem Pesaran (2021), it is applicable to both balanced and unbalanced panels with large N and T, and retains validity under heterogeneous slope coefficients. The test is widely adopted in empirical economics, finance, and political economy as a prerequisite check before selecting appropriate estimators or unit-root tests for panel datasets.	The CIPS test, introduced by Pesaran (2007), is a second-generation panel unit-root test designed for panels in which the cross-sectional units share unobserved common factors that induce cross-section dependence. By augmenting each individual ADF regression with cross-sectional averages and their lags, the CIPS test accounts for this dependence and produces reliable inference where first-generation tests such as the original IPS test break down. It is widely applied in macroeconomic and finance panels where shocks propagate across countries or regions.