Search Results - subject:"Panel cointegration test"

Error-correction–based cointegration tests for panel data

Persyn, Damiaan; Westerlund, Joakim - In: Stata Journal 8 (2008) 2, pp. 232-241

This article describes a new Stata command called xtwest, which implements the four error-correction – based panel cointegration tests developed by Westerlund (2007). The tests are general enough to allow for a large degree of heterogeneity, both in the long-run cointegrating relationship and...

Persistent link: https://www.econbiz.de/10005748378

Panel cointegration testing in the presence of a time trend

Örsal, Karaman; Dilan, Deniz; Droge, Bernd - In: Computational Statistics & Data Analysis 76 (2014) C, pp. 377-390

A new likelihood-based panel cointegration test which allows a linear time trend in the data generating process is …

Persistent link: https://www.econbiz.de/10011056515

Long-run determinants of current accounts in OECD countries: Lessons for intra-European imbalances

Gossé, Jean-Baptiste; Serranito, Francisco - In: Economic Modelling 38 (2014) C, pp. 451-462

In this paper we study the long-run determinants of current account balances in 21 OECD countries. We define long-run targets to determine whether actual current account balances are in line with their equilibrium values and find that, following the crisis, the United States, Japan and Spain...

Persistent link: https://www.econbiz.de/10010753347

The dynamics of banking sector and stock market maturity and the performance of Asian economies : Time series evidence

P. Pradhan, Rudra; B. Arvin, Mak; R. Norman, Neville; … - In: Journal of Economic and Administrative Sciences 30 (2014) 1, pp. 16-44

Purpose – The purpose of this paper is to examine the nature of causal relations between banking sector maturity, stock market maturity, and four aspects of performance and operation of the economy: economic growth, inflation, openness in trade, and the degree of government involvement in the...

Persistent link: https://www.econbiz.de/10014857659

Long-run determinants of current accounts in OECD countries : lessons for intra-European imbalances

Gossé, Jean-Baptiste; Serranito, Francisco - In: Economic modelling 38 (2014), pp. 451-462

Persistent link: https://www.econbiz.de/10010419013

Financial development-economic growth nexus : a panel data analysis upon OECD countries

Akinci, Gönül Yüce; Akinci, Merter; Yilmaz, Ömer - In: Hitotsubashi journal of economics 55 (2014) 1, pp. 33-50

Persistent link: https://www.econbiz.de/10010422915

A panel unit root and panel cointegration test of the complementarity hypothesis in the Mexican case, 1960-2001

Ramirez, Miguel D. - 2007

Using panel data, this paper tests whether public and private capital have a positive and significant effect on aggregate output and labor productivity for Mexico during the 1960-2001 period. The richer information set made possible by the sectorial data enables this study to utilize the...

Persistent link: https://www.econbiz.de/10010270670

Sustainability of EU fiscal policies, a panel test

Claeys, Peter - Facultat d'Economia i Empresa, Universitat de Barcelona - 2007

The fiscal policy rule implicit in the Stability and Growth Pact, has been rationalised as a way to ensure that national fiscal policies remain sustainable within the EU, thereby endorsing the independence of the ECB. We empirically examine the sustainability of European fiscal policies over the...

Persistent link: https://www.econbiz.de/10005059604

Three Empirical Essays on House Prices in the Euro Area

Ott, Hervé - Volkswirtschaftliche Fakultät, … - 2007

The real euro area house price has increased steadily since 1997 reaching more than 6.5% in 2004 and 2005. The rise on its own is not as striking as the long lasting effect of the phenomenon. Indeed, it is the longest lasting house price increase ever experience in the euro area since data are...

Persistent link: https://www.econbiz.de/10008520712

Private investment and financial development in a globalized world

Huang, Yongfu - School of Economics, Finance and Management, University … - 2006

; Global Interdependence; Common Factor Analysis; Panel Unit Root Test; Panel Cointegration Test JEL Classi…cation: F36; F41; E … a panel cointegration test of Pedroni (2004) on defactored data. The models are then estimated by the Pesaran (2006a … assumption of cross sec- tion independence. Subsection 4.3 conducts the panel cointegration test of Pedroni (1999, 2004) on …

Persistent link: https://www.econbiz.de/10005022147