This article presents an empirical model of non-stationary and cointegrated panel data to explain the impact of …, proposed by Hadri and Rao (2008). Through the Pedroni (1999, 2000, 2004) cointegration test proves the existence of a long …

&D cooperation to explain the contribution of public and private R&D on growth. We propose a heterogeneous dynamic panel data model …

large panel of emerging and industrialized countries and on the period 1982-2008, we identify, empirically, the main …

crucial issue for policy makers. For a large panel of emerging and industrialized countries and on the period 1982-2008, we …

, using a FEER approach. Using panel econometric techniques over the period 1994-2011, we confirm that the exchange rate … misalignments in the euro zone have diverged, reflecting unsustainable evolutions. Last, we give an estimation of the equivalent …

crucial issue for policy makers. For a large panel of emerging and industrialized countries and on the period 1982-2008, we …

apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee and Carrion …We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically …, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also …

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

and form of this relationship. This paper first uses panel cointegration techniques to illustrate the form of an inverted …