2 problems

Pesaran's refined-statistic CLT conjecture. The statistic $Q_N$ should satisfy a central limit theorem, in particular converging to the standard normal distribution under the relev…

Let $S_N:=\sum_{1\leq i<j\leq N}T\hat{\rho}_{ij}^2$ be the Breusch–Pagan LM statistic for testing cross-sectional independence, where $\hat{\rho}_{ij}$ is the sample correlation of…