-strong factors, and latent weak factors. It focusses on the estimation of ∅k = λk − μk which plays a pivotal role, not only in the … estimation of risk premia but also in tests of market efficiency, where λk and μk are respectively the risk premium and the mean …

This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated regression (SUR) methods … stock prices, except in Saudi Arabia. -- GCC stock markets ; oil prices ; panel cointegration analysis …

implements the panel-data approach of Kónya (2006), which is based on SUR systems and Wald tests with country-specific bootstrap …

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

has implications for the estimation of economic models of energy-intensive durables, for oil price forecasting, and for …

-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …

regional income data are available. We subsequently use our estimation results for an out-ofsample prediction of regional … regional inequality based on cross-section data. Panel regressions investigate the within-country changes in inequality, i …

panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … across pairs or regional units or even across cross-sectional units and time inevitably leads to a panel data structure of …