-stationarity of a panel data set. The methodology is based on the common factor analysis in an attempt to allow for some sort of … dependence across the individuals. Thus allowing for multiple structural breaks in the â€Panel Analysis of Non-stationarity in … properties of the panel data set …

Competitive agents extract in continuous time from a commons. Capital market access allows them to both save and borrow … against their extraction stream. When the commons asset grows more quickly than the privately stored one, multiple equilibria … are found for intermediate commons endowments. One of these has the extinction date and welfare decrease in the endowment …

application of wavelet filtering to analyze cointegrating relationships. No evidence of cointegration between money, real output … and prices is found. However, there is evidence of cointegration between non-stationary components of the series that …

the cointegration regression estimation by Engle and Granger (1987). In recent years applied econometricians are debating …

cointegration and error correction framework. Our findings suggest that any support for the deterrence hypothesis is sensitive to …