system and the current managed float. Panel integration techniques are used to increase the power of the tests. Cross section … interest parity ; nominal exchange rate regime ; panel unit roots ; common factors …

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

null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The … univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for …

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … means of first and second generation panel unit root tests. While the former tests assume independent cross sections, the …

applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis …

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth … survive a battery of specification tests. -- Cointegration analysis ; error correction ; money demand ; financial wealth …

existence of an East German wage curve. Due to the nonstationarity of spatial data, a global panel cointegration approach is … regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage …

; unemployment ; panel data ; GMM …This study empirically examines the relationship between crime, deterrence and unemployment in Greece. A regional … Moments (GMM) estimator applied to dynamic models of panel data. The results show that property crimes are significantly …