fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent …, their orders of integration being around 2, whilst the cointegration tests (using both standard and fractional techniques …

extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was …

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including … financial development level of the countries considered. In particular, it appears that in the middle-income countries trade …

This paper applies fractional integration and cointegration methods to examine respectively the univariate properties …

Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking … of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked …-form expressions for all CO2 permit prices. Some implications for linked and unlinked voluntary CO2 cap-and-trade systems are derived …