period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the … estimator of Pesaran (2006) and on Panel Error Correction Models to sort out short- and long-run fiscal developments show that …

growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality …

, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary …

specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues … ratios. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also … apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee and Carrion … panel set, and within some sub-periods. …

multi-factor modelling instead of augmented CAPM, application of moving window panel regressions, orthogonalization of …

not invariant with respect to the investigated sample period. -- Purchasing power parity ; Panel cointegration ; Wild …