Results 21 to 30 of about 52,481 (289)
Micro versus macro cointegration in heterogeneous panels [PDF]
Journal of Econometrics, 2010 We consider the issue of cross-sectional aggregation in nonstationary and heterogeneous panels where each unit cointegrates. We derive asymptotic properties of the aggregate estimate, and necessary and sufficient conditions for cointegration to hold in the aggregate relationship.
URGA, Giovanni, TRAPANI, Lorenzo
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Financial Development and Output Growth: A Panel Study for Asian Countries
East Asian Economic Review, 2012 This paper investigates the relationship between financial markets and output growth for a panel of 27 Asian countries over 1960-2009. It utilizes the recently-developed panel cointegration techniques to test and estimate the long-run equilibrium ...
Sangjoon Jun
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Testing for Exogeneity in Cointegrated Panels [PDF]
Oxford Bulletin of Economics and Statistics, 2014 AbstractThis paper proposes a test for the null that, in a cointegrated panel, the long‐run correlation between the regressors and the error term is different from zero. As is well known, in such case the OLS estimator is T‐consistent, whereas it is ‐consistent when there is no endogeneity. Other estimators can be employed, such as the FM‐OLS, that are
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Mixed signals among tests for panel cointegration [PDF]
Economic Modelling, 2008 Abstract In this paper, we study the effect that different serial correlation adjustment methods can have on panel cointegration testing. As an example, we consider the very popular tests developed by Pedroni [Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and
Westerlund, Joakim, Basher, Syed A.
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Economic freedom and growth: A panel cointegration approach [PDF]
Panoeconomicus, 2016 This study uses three-country group panel data from 1993 to 2011 in examining the long-run effect of tax burdens (Fiscal index) and government regulations of business (Business index) on economic growth.
Acikgoz Bernur +2 more
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Borsa Istanbul Review, 2017 This paper employs several techniques to study the dynamic effect and causality among globalization, institutions and financial development. Specifically, we use the panel cointegration technique by Pedroni (1999, 2004); the DOLS approach by Kao and ...
Ibrahim Muhammad Muye +1 more
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Impact of FDI on unemployment in transition countries: Panel cointegration approach [PDF]
Industrija, 2017 This paper examines the relationship between FDI inflow per capita and unemployment rates in 17 transition countries over the period 2000-2014. It aims at testing the premise, usually suggested by policy makers, that higher attraction of FDI in ...
Zdravković Aleksandar +2 more
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A PANEL COINTEGRATION ANALYSIS: AN APPLICATION TO INTERNATIONAL TOURISM DEMAND OF THAILAND [PDF]
Annals of the University of Petrosani: Economics, 2010 This paper sought to find the long-run relationships between international tourist arrivals in Thailand and economic variables such as GDP, transportation cost and exchange rates during period of 1986 to 2007.
CHUKIAT CHAIBOONSRI +4 more
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A Review of International Financial Market Integration Using Nonstationary Panel Techniques
East Asian Economic Review, 2003 This paper investigates the Feldstein-Horioka coefficient for OECD country group and Asian country group, using the recently developed several nonstatioanry panel cointegration techniques.
Hong Kee Kim
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Ekonomi, Politika & Finans Araştırmaları Dergisi, 2021 Energy is an essential factor for countries to accomplish sustainable development and the importance of renewable energy has enhancing day by day. Over the last three decades the relationship between renewable energy consumption (RNW) and economic growth
Süleyman Serdar Karaca, Feyyaz Zeren
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