We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …

. 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 …

differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction … economy ; tax burden ; regulation ; unemployment ; cointegration ; error correction models ; MIMIC 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 …

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

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