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 …

dependent data and allowing for first-step estimation of the propensity score. …

recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that … cointegration relationship can be established among the variables. The income elasticity is not different from unity, implying that … evidence is unchanged, if alternative estimators of the cointegration vector are used. Controlling for cross section dependency …

characterized by market differences in earnings between the North and the South. Based on a panel cointegration approach we exploit …

of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …

. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank …