by applying "gsecond 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. …

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

specified and fail to consider the influence of cross-sectional dependence, non-stationarity and cointegration. Using a panel …We examine the effect of population size on government size for a panel of 130 countries for the period between 1970 …

within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden …

This paper considers estimation and inference in panel vector autoregressions (PVARs) with fixed effects when the time … dimension of the panel is finite, and the cross-sectional dimension is large. A Maximum Likelihood (ML) estimator based on a … derive unit root and cointegration tests in panels with short time dimension; these tests have the attractive feature that …

integration ; misalignment ; second-generation panel unit-root and cointegration tests …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T …

-run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …

debt and its ratio to GDP. Second, exploiting unit root analysis and cointegration, we test for the sustainability of … budget constraint ; unit roots ; cointegration ; fiscal sustainability ; economic history …

analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the … estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject the hypothesis that …