little evidence for them. We argue that this outcome could be due to episodic failure of cointegration, possible two … pooled mean group estimator (SPMG) to deal with these features. Using this new panel estimator and a dataset spanning almost …

This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate … (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 …

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

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …

expenditures in Asia. Neither do the results suggest that the nexus between globalisation and social expenditures varied across …

This paper revisits the Fisher hypothesis by estimating fractional integration and cointegration models that are more …