relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the …

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

Commonwealth of Independent States (CIS), it had a more agricultural economy and a more stable political-economic system than many … CEE and CIS countries. Unlike most of the CEE and CIS economies, China adopted a strategy of gradual economic … transformation depression observed in CEE and CIS, and allowed it to generate high rates of economic growth that have now lasted for …

, less skilled, unemployed, poor, and those living in the CIS countries. There seems to be an increasing trend in the support … of governance, seem to contribute mostly to explaining the lower levels of the support in the CIS countries. -- Political …

general-to-specific vector autoregression framework to test for the Granger causality between discrimination and growth. A … general, negative, bidirectional Granger causality is found between these two variables: in the long-run, discrimination …

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in … practice. -- Panel unit root tests ; cross section dependence ; multi-factor residual structure ; Fisher inflation parity …

rate stationarity for 25 countries. For robustness purpose, we have also used panel unit root tests without and with …