considers the effect of cross sectional correlations and uses the corresponding panel unit root tests to study the long …

cointegration (country-specific) and panel data (region-specific) methods. We find that for most of the countries in our sample the …

The asymptotic local power of least squares based fixed-T panel unit root tests allowing for a structural break in … their individual effects and/or incidental trends of the AR(1) panel data model is studied. These tests correct the least … squares estimator of the autoregressive coefficient of this panel data model for its inconsistency due to the individual …

In this paper we suggest panel data unit root tests which allow for a structural breaks in the individual effects or … linear trends of panel data models. This is done under the assumption that the disturbance terms of the panel are … that the time-dimension of the panel (T) is �fixed, while the cross-section (N) grows large. Thus, they are appropriate for …

countries. By applying panel cointegration tests, the empirical results reveal strong evidence of cointegration between the … variables of the model for individual countries as well as for the panel. Moreover, the results support the existence of a … shows evidence of a bidirectional causal relationship between money demand and income for panel estimation. At an individual …

This paper investigates the pass-through mechanism from market interest rates to bank interest rates using a panel of … 2003 to July 2007. The pass-through is estimated using recent econometric methods on non-stationary panel data. In contrast …

using Pedroni's heterogeneous panel cointegration tests (2004). The panel data circumvent the problem of short span sample …We construct an aggregate data panel to estimate price and income elasticities of the Arab countries imports from and … exports to euro zone. We study the non-stationarity of our series and verify the cointegration hypothesis among the variables …