cointegration regression model. The article shows that Brazil, Russia, India and China are less open economies with different …

maximum-likelihood-based panel cointegration tests with the help of Monte Carlo simulations. In this study the panel-p, the … power properties among the five panel cointegration test statistics evaluated. Finally, the Fisher Hypothesis is tested with …

of cointegration. We applied new break tests and tested for nonlinearity in the cointegrating relation with post-war data … for 15 countries. Our empirical results support cointegration, after accounting for breaks, and a linear Fisher relation … in the long run. This is in contrast to several recent studies that found no support for linear cointegration. -- Fisher …

markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the … ; Inflation ; Fisher Effect ; African Stock Markets ; Cointegration …