(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence … tests reveal the existence of convergence clubs and divergent economies within the full panel, which explains why panel …

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 …

show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency … relationship between export-price shocks and currency-risk premia in emerging market economies, indicating that negative export …

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 …

panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price …

dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger …

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …

of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models … using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …