Extensions of the Pesaran, Shin and Smith (2001) Bounds Testing Procedure
SSRN Electronic Journal, 2020 We replicate the Pesaran, Shin and Smith (2001) bounds testing procedure (BTP), and extend it with 6 new cases, 4 of which involve a quadratic trend. We provide critical values for the BTP of the lagged regressors in levels under the framework of unrestricted error-correction models (UECMs) to account for degenerate cases of co-integration. Further, we
Georgios Bertsatos +2 more
openaire +2 more sources
LOCAL ASYMPTOTIC POWER OF THE IM-PESARAN-SHIN PANEL UNIT ROOT TEST AND THE IMPACT OF INITIAL OBSERVATIONS [PDF]
Econometric Theory, 2009 In this note we derive the local asymptotic power function of the standardized averaged Dickey–Fuller panel unit root statistic of Im, Pesaran, and Shin (2003, Journal of Econometrics, 115, 53–74), allowing for heterogeneous deterministic intercept terms.
David Harris +3 more
openaire +3 more sources
Savunma Harcamaları ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: Orta Doğu Ülkeleri Örneği
Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi, 2022 Ülkelerin bağımsızlıklarını koruyabilmek için savunma hizmetlerini güçlendirmeleri gerekmektedir. Buna bağlı olarak savunma hizmetlerinin karşılanması amacıyla devletler bütçelerinden pay ayırmaktadır.
Feyyaz Zeren +2 more
doaj +1 more source
YAKINSAMA HİPOTEZİNİN OECD ÜLKELERİNDE İKİLİ YAKLAŞIMLA TEST EDİLMESİ
Sosyal Ekonomik Araştırmalar Dergisi, 2014 İktisat biliminde köklü bir geçmişe sahip olan ve günümüzde de etkisi devam eden yakınsama analizlerinde uzun yıllar σ-yakınsaması ve β-yakınsaması kullanılmıştır.
Filiz Yeşilyurt
doaj +1 more source
The Incidental Parameters Problem in Testing for Remaining Cross-section Correlation [PDF]
, 2019 In this paper we consider the properties of the Pesaran (2004, 2015a) CD test for cross-section correlation when applied to residuals obtained from panel data models with many estimated parameters.
Juodis, Arturas, Reese, Simon
core +2 more sources
Large Panels with Common Factors and Spatial Correlations [PDF]
, 2007 This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed effects the cross section units might remain dependently distributed.
Hashem, Pesaran
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How does renewable energy consumption affect economic growth? Evidence from the European Union countries [PDF]
SHS Web of Conferences, 2021 Research background: Fossil fuels are used at such a high rate that they are currently being depleted. Moreover, they are associated with a greenhouse effect leading to global warming.
Davidson Natalia +2 more
doaj +1 more source
Unemployment hysteresis in the “Nordic Kitten”: Evidence from five Estonian regions [PDF]
Panoeconomicus, 2015 Unemployment hysteresis is a much discussed and researched topic in macroeconomics. The present paper examined unemployment hysteresis in five Estonian regions.
Furuoka Fumitaka
doaj +1 more source
Identification and Estimation in an Incoherent Model of Contagion [PDF]
, 2007 This paper deals with the issues of identification and estimation in the canonical model of contagion advanced in Pesaran and Pick (2007). The model is a two-equation nonlinear simultaneous equations system with endogenous dummy variables; it also ...
Massacci, Daniele
core +5 more sources
La ley de Okun en Ecuador. Un análisis de cointegración, 2007-2019.
Innova Research Journal, 2020 El estudio analiza la ley de Okun para Ecuador durante 2007.I-2019.IV con dos metodologías de cointegración, el método de Johansen & Juselius (1990) y el enfoque Autorregresivo de Rezago Distribuido (ARDL) propuesto por Pesaran & Shin (1995) y Pesaran ...
Diego Ontaneda Jiménez
doaj +1 more source