This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …

We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of …

In this paper, we derive evidence on the integration of international stock markets from the cointegration properties … of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … subgroup analyses also indicate that the cointegration relationships have become stronger over time. This is consistent with …

Employing cointegration techniques, the long-run determinants of Madagascar''s real exchange rate are examined from a …

housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find … cross-country panel regressions …