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China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … techniques for panel unit root testing and heterogeneous panel cointegration analysis are employed. The empirical results provide …. The variations across regions are detected and reasons for this fact are discussed. Based on the panel ECM, we show that …
Persistent link: https://www.econbiz.de/10010321479
This working paper is intended to shed light on a pressing issue: the apparent growth-dependency of European welfare states at a time of weak growth prospects and strong criticisms of growth. Indeed, while the notion of going beyond GDP growth is gaining momentum in the European Union, as...
Persistent link: https://www.econbiz.de/10014565948
common specification, and common estimation methods, we argue that the contradictory findings can be explained by the fact …
Persistent link: https://www.econbiz.de/10011430062
Persistent link: https://www.econbiz.de/10010294569
This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach …
Persistent link: https://www.econbiz.de/10010294545
longer satisfactory. We use a panel of bank-specific data on 250 Swiss banks over the period 1987-1998. We find considerable …
Persistent link: https://www.econbiz.de/10011430028
The paper re-examines existing estimators for the panel data fixed effects ordered logit model, proposes a new one, and …
Persistent link: https://www.econbiz.de/10010316860
The paper reconsiders existing estimators for the panel data fixed effects ordered logit model, including one that has …
Persistent link: https://www.econbiz.de/10010316884
real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows the identification of the real exchange rates that are …
Persistent link: https://www.econbiz.de/10010280777
The purpose of this paper is to explore whether the 'Fit for 55' update of the European Union's CO₂ regulation is up to the task of fixing its past mistakes and putting Europe on course to reach net zero mobility by 2050, while also dealing with the new set of challenges that arises with the...
Persistent link: https://www.econbiz.de/10015054184