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Panel unit root tests in the presence of a multifactor error structure
Pesaran, M. Hashem (contributor);  … - 2007
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 …
Persistent link: https://www.econbiz.de/10003652679
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Aggregation in large dynamic panels
Pesaran, M. Hashem; Chudik, Alexander - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10009130496
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Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences
Binh Thai Pham; Sala, Hector - 2021
We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting – to explore the extent and consequences of...
Persistent link: https://www.econbiz.de/10012491801
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Exponent of cross-sectional dependence : estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10009530816
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A factorial survey on the justice of earnings within the SOEP-pretest 2008
Sauer, Carsten; Liebig, Stefan; Auspurg, Katrin; Hinz, … - 2009
In the 2008 Socio-Economic Panel Study (SOEP) Pretest, the factorial survey method was tested for the first time for … of the main SOEP survey. -- Income ; justice theory ; fairness ; factorial survey method ; SOEP …
Persistent link: https://www.econbiz.de/10003932138
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International financial integration and Real Exchange Rate long-run dynamics in emerging countries : some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
integration ; misalignment ; second-generation panel unit root and cointegration tests …
Persistent link: https://www.econbiz.de/10003816542
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Do business visits cause productivity growth?
Tani, Massimiliano; Joyeux, Roselyne - 2013
The production and diffusion of knowledge have increasingly been seen as potential causes of the observed international differences in total factor productivity and, in turn, as possible sources of economic growth. This paper presents the results of a causality study between business visits and...
Persistent link: https://www.econbiz.de/10010228788
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Trade and worker deskilling
Costa, Rui; Dhingra, Swati; Machin, Stephen - 2019
produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate … with respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and …
Persistent link: https://www.econbiz.de/10012022416
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Identifying regional labor demand shocks using sign restrictions
Juessen, Falko; Linnemann, Ludger - 2012
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states … Blanchard and Katz (1992). -- regional labor markets ; migration ; panel VAR ; sign restrictions …
Persistent link: https://www.econbiz.de/10009575122
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Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012226632