compiled unbalanced panel of about 60 plants for the years 1980 to 2004. We measure efficiency as input demands for two …

In this study, we analyse the sustainability of fiscal policy of EU member countries within the panel cointegration and … error-correction frameworks. Unlike the previous empirical papers in this area, we apply the test for panel cointegration … conclude that the fiscal policy is consistent with the intertemporal budget constraint, i.e., it is sustainable in the panel of …

This paper develops a break detection procedure for the well-known AR(p) linear panel data model with exogenous or pre …

Working with a panel dataset of of OECD countries over the decade 1994-2004, we examine linkages between cross …

developed tests and panel estimation techniques. We find that the stock of knowledge of a country, its R&D resources and the …

The stationarity of OECD real exchange rates over the period 1972-2008 is tested using a panel of twenty six member … countries. The methodology followed stems from the need to meet several key concerns: (i) the identification of which panel … members are stationary; (ii) the presence of cross-sectional dependence among the countries in the panel; and (iii) the …

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 …