This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

We examine the long-run relationship between fertility, mortality, and incomeusing panel cointegration techniques and the available data for the last century.Our main result is that mortality changes and growth of income per capita account for amajor part of the fertility change characterizing...

In 1994, Blanchflower and Oswald reported that they have found an empirical law of economics the Wage Curve. According to their empirical results, the elasticity of wages with respect to regional unemployment is -0.1. This holds especially for the Anglo-Saxon countries...

This paper extends the cross sectionally augmented panel unit root test proposed byPesaran (2007) to the case of a multifactor error structure. The basic idea is to exploitinformation regarding the unobserved factors that are shared by other time series in additionto the variable under...