Lee, Chien-Chiang; Chang, Chun-Ping; Chen, Pei-Fen - In: Mathematics and Computers in Simulation (MATCOM) 79 (2008) 1, pp. 85-93
This paper applies the newly developed panel cointegrated technique [R. Larsson, J. Lyhagen, M. Lothgren, Likelihood-based cointegration tests in heterogeneous panels, Econom. J. 4 (1) (2001) 109–142] that allows for multiple cointegrated relationships to empirically re-examine the long-run...
