that these results can be explained in part by the low power inherent in univariate cointegration tests and that the use of … panel data should generate more powerful tests. In doing so, we propose two new panel cointegration tests, which are shown …

’s procedure for cointegration testing is employed to test theories of optimal capital structure. The sample covers a firm with … unique properties, Hufvudstaden, during the period 1938 until present. The approach of cointegration allows testing of long …

. This paper proposes a new estimator for non-stationary panel data models, a bandspectrum cointegration estimator. The … bandspectrum cointegration estimator uses first differenced data to avoid spurious results. Such estimates are, however, less … bandspectrum cointegration estimator is more efficient than common time domain estimators, for example VECM and OLS levels …

In this paper, two tests for structural hypotheses on cointegration vectors are evaluated in a Monte Carlo study. The … cointegration vector, but the Johansen (1991) test fares slightly better than the Kwiatkowski et al (1992) test. Applying a Bartlett …