Method evidence record

PANIC

PANIC (Panel Analysis of Non-stationarity in Idiosyncratic and Common Components) is a second-generation panel unit root test introduced by Bai and Ng (2004). It decomposes each panel series into common factors and idiosyncratic components, then tests for unit roots in each part separately, making it robust to cross-sectional dependence — a critical limitation of first-generation tests such as IPS or LLC.

Sources recorded, not reviewed

Source record

Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.

PANIC: Panel Analysis of Non-stationarity in Idiosyncratic and Common Components

Taxonomic method record · hypothesis-test / econometrics

Bai, J., & Ng, S. (2004). A PANIC attack on unit roots and cointegration. Econometrica, 72(4), 1127–1177. · DOI 10.1111/j.1468-0262.2004.00528.x

Open full method

Curated claims

Claims persisted in the evidence ledger, each with its own assessment.

No curated claims yet

This view does not invent a claim assessment when the ledger has none.

Related methods

Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.

Taxonomic bucketCADF Testmachine-suggested · Relational suggestion, not evidence.Taxonomic bucketCIPS Testmachine-suggested · Relational suggestion, not evidence.Used in the same domainDynamic Factor Modelmachine-suggested · Relational suggestion, not evidence.