Krämer, WalterSibbertsen, Philipp2004-12-062004-12-062004http://hdl.handle.net/2003/490210.17877/DE290R-6819We show that the power of the KPSS-test against integration, as measured by divergence rates of the test statistic under the alternative, remains the same when residuals from an OLS-regression rather than true observations are used. This is in stark contrast to residual based tests of the null of integration in a cointegration setting, where power is drastically reduced when residuals are used.enUniversitätsbibliothek Dortmundcointegrationpowerlong memoryKPSS-Test310report