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 …

trade elasticities. The elasticities we compute depend directly on the specialization of trade across sectors, which is … North Macedonia - i.e. trade elasticities relevant to policy - and ultimately to calibration choices. The income and price …

) valuation. Panel-based misalignment estimates of the four economies show that net foreign asset build-up does not necessarily …

panel of 120 countries and 769 products. As an application, we use the dataset to examine the changes in export …

trade to anticipated changes in trade costs. …

1980-2011. Estimating a panel cointegrating relationship between the real exchange rate and its fundamentals, we provide … evidence for the existence of "energy currencies". Relying on the estimation of panel smooth transition regression (PSTR … commodity exporters reacts to oil prices, through the terms-of-trade. More specifically, when oil price variations are low, the …

econometric models. A flexible multiple-index ordered probit panel data model with varying thresholds can identify response … asymmetries in single-item measures of subjective well-being. An application to data from the German Socio-Economic Panel for 1984 …

This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial … section dimensions of the panel are large. It derives the asymptotic covariance matrix of the QML estimators allowing for the … sample properties for panels with moderate time dimensions and irrespective of the number of cross section units in the panel …

Using panel co-integration techniques and a comprehensive dataset covering the period 1980-2013, this paper finds a …