Taylor, A.M.R.

0.00 0.01 0.05 0.03 process 0.02 0.04 0.06 1.00 0.07 statistic persistence 0.09 0.08 series 0.10 table rejection frequencies i ð1þ process unit root tests rejection frequency 0.11 unit root process model level value e 1 test e 1 statistic publisher blackwell sample unit root 0.80 result monte carlo experiments i ð1þ processes 0.85 ficance increase threshold signi display 0.99 journal 0.20 order test statistics mccabe 0.25 0.95 0.12 0.15 degree 0.21 0.27 power 0.13 bulletin 0.29 0.90 autoregressive ¼ 1 0.92 0.98 z á statistics 0.16 0.14 signi ficance level ficient 0.23 fi nite sample alternative 0.75 stationarity regime 0.32 unit circle 0.96 0.83