Arlt, Josef; Arltová, Markéta - In: Politická ekonomie 2005 (2005) 6, pp. 747-764
Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i … denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and … panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the …