Estimation Pooled - Hausman-Taylor (CCEPHT, Serlenga and Shin, 2007) are applied to analyse the effects of the agreement variable …. Our estimation results indicate a positive and significant impact of EA on trade flows. However, there is an asymmetric …

physical settlement during the second market phase of the EU ETS. We employ a series of estimation methods that allow for an …

debt and its ratio to GDP. Second, exploiting unit root analysis and cointegration, we test for the sustainability of …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …

We consider VAR models for variables exhibiting cointegration and common cyclical features. While the presence of … cointegration reduces the rank of the long-run multiplier matrix, other types of common features lead to rank reduction of the short …

This paper considers estimation and inference in panel vector autoregressions (PVARs) with fixed effects when the time … derive unit root and cointegration tests in panels with short time dimension; these tests have the attractive feature that …) estimation as an alternative to our proposed ML estimator, it is shown that conventional GMM estimators based on standard …

(possibly unwarranted) homogeneity and proportionality restrictions are not imposed, and trivariate cointegration (stage …