The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … cointegration properties of the unobserved factors. This finding is further supported for small samples via an extensive Monte Carlo …

investigation of the cointegration relationships of German migration stocks and flows since 1967. We find that (i) panel-unit root … migration stocks and the explanatory variables are all I(1) variables, and (ii) the hypothesis of cointegration cannot be … rejected for the stock model. -- international migration ; temporary migration ; panel cointegration …

-run restrictions than are needed because of a failure to fully utilize the cointegration information. …

. The cointegration analysis vindicates the existence of a long-run relationship between these two variables. This finding …

developing country. Cointegration analysis is carried out for the aggregate and gender and age specific series. The findings …

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

countries of the Gulf Cooperation Council (GCC) using (panel) cointegration techniques. The existence of cointegration between … oil revenues, GDP and investment can be confirmed for all countries. While the cointegration vector is found to be unique …

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