Narrow search
Showing 1 - 10 of 8,356
Cover Image
A Panel-CADF Test for Unit Roots
Costantini, Mauro; Lupi, Claudio; Popp, Stephan - Dipartimento di Economia, Gestione, Società e … - 2007
In this paper we propose the extension of the covariate-augmented Dickey Fuller (CADF) test for unit roots developed by Hansen (1995} to the panel case. We show that the extension is viable and gives power gains with respect to the time series approach. Particular attention is paid to cross-unit...
Persistent link: https://www.econbiz.de/10005583223
Cover Image
LONG RUN EQUILIBRIUM RELATIONSHIP BETWEEN INWARD FDI AND PRODUCTIVITY
Lee, Gwanghoon - In: Journal of Economic Development 32 (2007) 2, pp. 183-192
By constructing a panel dataset from nine OECD countries for the period 1971-1999 and adopting up-to-date panel cointegration estimation methods, the paper shows the robustness of long run positive relationship between inward foreign direct investment and productivities of host countries....
Persistent link: https://www.econbiz.de/10009351232
Cover Image
Panel Cointegration Tests on the Fiscal Sustainability of German Laender
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - CESifo - 2014
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950]2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying gsecond generationh panel cointegration...
Persistent link: https://www.econbiz.de/10011067195
Cover Image
"PPP tests in cointegrated panels: Evidence from Asian developing countries".
Basher, Syed A.; Mohsin, Mohammed - EconWPA - 2003
This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries … test results overwhelmingly reject the PPP hypothesis. …
Persistent link: https://www.econbiz.de/10005126247
Cover Image
Panel Cointegration Tests on the Fiscal Sustainability of German Laender
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950]2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying gsecond generationh panel...
Persistent link: https://www.econbiz.de/10010398666
Cover Image
"PPP tests in cointegrated panels: Evidence from Asian developing countries".
Basher, Syed A.; Mohsin, Mohammed - EconWPA - 2003
This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries … test results overwhelmingly reject the PPP hypothesis. …
Persistent link: https://www.econbiz.de/10005076786
Cover Image
Panel cointegration tests on the fiscal sustainability of German Laender
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying "gsecond generation" panel cointegration...
Persistent link: https://www.econbiz.de/10010388585
Cover Image
Purchasing Power Parity and Real Exchange Rate in Japan
Long, Dara - Volkswirtschaftliche Fakultät, … - 2008
This paper examines the validity of both the short-run and long-run purchasing power parity (PPP) hypotheses in Japan … long-run. On the other hand, from the second test, we found that there is a strongly robust long-run PPP relationship but … no significant short-run PPP relationship. Furthermore, unlike the previous literature, this paper confirms the stability …
Persistent link: https://www.econbiz.de/10005837518
Cover Image
Régime de change, taux de change réel, flux commerciaux et investissements directs étrangers: le cas du Maroc
Bouoiyour, Jamal; Rey, Serge - Volkswirtschaftliche Fakultät, … - 2005
We study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (the EU15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and the equilibrium REER...
Persistent link: https://www.econbiz.de/10011259399
Cover Image
PPP May not Hold Afterall: A Further Investigation
Ng, Serena; Perron, Pierre - In: Annals of Economics and Finance 3 (2002) 1, pp. 43-64
In a recent paper, Engel, C. (1999) presents monte-carlo evidence to suggest that unit root tests cannot detect a non-stationary component in the real exchange rate even when this component accounts for almost half of its longhorizon forecast error variance. This hidden non-stationary component...
Persistent link: https://www.econbiz.de/10009146914