This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong … within Russia, survey the literature on the causes, consequences, and cures of corruption in Russia, and discuss entry points …

fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the … both the S&P 500 Index and the Euro Stoxx 50 Index. Also, fractional cointegration appears to hold at least for the … diverging growth and monetary policy. Establishing whether the degree of cointegration has changed over time is important since …

the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …

period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and non-linearity of … both series are found to vary considerably across states, whilst the fractional cointegration analysis suggests that a long …

by applying “second generation” panel cointegration techniques. A unique identification strategy for the selection of sub …‐panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable …

This paper examines several US monthly financial time series data using fractional integration and cointegration … exploiting recent developments in fractional cointegration allows to investigate in greater depth the relationships between …

cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject …

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