reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …

Present paper considers structural break in panel AR(1) model which allows instability in mean, variance and … existing panel data time series model considering break studied by Levin et al. (2002), Pesaran (2004), Bai (2010), Liu et al …

This paper studies subsampling hypothesis tests for panel data that may be nonstationary, cross-sectionally correlated … the tests without estimating nuisance parameters. The tests include panel unit root and cointegration tests as special … shown that subsampling provides asymptotic distributions that are equivalent to the asymptotic distributions of the panel …

with the underlyingtheory. Based on a panel version of the Engle and Granger (1987) two-stepprocedure we find that the …

impact of deviations from the long-run sustainable real exchange rate equilibrium on real economic growth rate applying panel …

transformation of the results. Panel cointegration techniques are used to check the adequacy of the empirical model. The results …

We propose a semi-parametric approach to heterogeneous dynamic panel data modelling. The method generalizes existing … equilibrium exchange rate determination in a cross-country panel, we find evidence of largely heterogeneous adjustment and more …

dynamic panel data models. In particular, in our model the long-run relationship between effective exchange rates and domestic …