In this paper we propose a simple extension to the panel case of the covariate-augmented Dickey Fuller (CADF) test for … with respect to other popular panel approaches. A procedure to compute the asymptotic p-values of Hansen’s CADF test is … hypothesis and the presence of a unit root in international industrial production indices. -- unit root ; panel data …

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

system and the current managed float. Panel integration techniques are applied to increase the power of the tests, where …

system and the current managed float. Panel integration techniques are used to increase the power of the tests. Cross section …

. We also analyze per panel the time necessary to have an adjustment to a shock in the individual real exchange rates. From … exchange rates within each 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 …

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