This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the … volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … enjoyed by many industrialized countries, known as the "Great Moderation". It also proposes a new testing approach for panel …

period from 1970 to 2000. We apply a new panel error correction technique which allows us to constrain the long …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector …

2009. Using recently developed panel econometric techniques the present paper takes into account structural breaks and … on energy consumption is larger than vice versa. Furthermore, the empirical evidence of a dynamic panel error … run. -- Energy consumption ; panel unit roots and cointegration ; structural breaks ; cross-section dependence ; panel …

This paper examines the long-run money demand function for 11 OECD countries from 1983 to 2006 using panel data and … original variables, except the income elasticity. Finally, the results of a panel-based error-correction model suggest that … effects ; panel unit roots ; vector error-correction models …

. Using a macroeconomic panel of OECD countries, it roughly confirms previous findings reported by Yi and Choi (2005) by …

agricultural markets by putting a specific focus on the role of trade policy. Applying different dynamic panel data estimators and …