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rate stationarity for 25 countries. For robustness purpose, we have also used panel unit root tests without and with …
Persistent link: https://www.econbiz.de/10013002448
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …
Persistent link: https://www.econbiz.de/10013316947
This paper explores the impact of financial liberalization on the migration of high skilled labor from 46 countries to the OECD, taken at five year intervals over the period 1985-2000. Using an exploratory factor analysis, we are able to distinguish between two dimensions of financial...
Persistent link: https://www.econbiz.de/10013120427
This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of … cointegration properties between health care spending and income. This is done in a panel data context controlling for both cross … dependence. Heterogeneity is handled through fixed effects in a panel homogeneous model and through a panel heterogeneous model …
Persistent link: https://www.econbiz.de/10013145194
lower structural rate of unemployment. We establish this fact using: (i) panel data from 20 OECD countries, (ii) cross …-sectional data on a larger set of countries. The time structure of the panel data allows us to deal with endogeneity concerns …
Persistent link: https://www.econbiz.de/10013159504
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10013074886
test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …
Persistent link: https://www.econbiz.de/10013325136
. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition …
Persistent link: https://www.econbiz.de/10013159338
migrants and then test its implications by using data from the German Socioeconomic Panel on immigrants from 92 source …
Persistent link: https://www.econbiz.de/10012912788
In this paper we discuss tests for residual cross section dependence in nonlinear panel data models. The tests are …
Persistent link: https://www.econbiz.de/10014051110