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univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for … null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …
Persistent link: https://www.econbiz.de/10010260713
The European Union made a number of steps not least of them the introduction of a common currency to foster the integration of the European financial markets. A number of papers have tried to gauge the degree of integration for various financial markets looking at the convergence of interest...
Persistent link: https://www.econbiz.de/10010291773
non-stationary panel data econometrics, we find that industry-specific knowledge both nationally and internationally …
Persistent link: https://www.econbiz.de/10010281776
volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with …
Persistent link: https://www.econbiz.de/10010286623
After the collapse in early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country...
Persistent link: https://www.econbiz.de/10010260699
. We use panel data over the period 1989-1998 and estimate a fixed-effects model. In Central Eastern European Countries …
Persistent link: https://www.econbiz.de/10010260767
In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income … cardinal individual welfare function has to be specified. In addition, panel data enables different scale use by the …
Persistent link: https://www.econbiz.de/10010260751
dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger …
Persistent link: https://www.econbiz.de/10010286310
We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model …
Persistent link: https://www.econbiz.de/10010274374
household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the …
Persistent link: https://www.econbiz.de/10010287275