2009, Cho et al. 2015). However, applications of panel quantile regression with macro time series data are relatively rare …. This paper considers a two-way fixed effects quantile cointegration model with I(1) macro panel data. The model extends the … QCM (quantile cointegration model) of Xiao (2009) to incorporate I(1) panel data. Kim (2022) showed that the extension to …

overall. We made an illustrative application, an estimation of Okun’s law with regional panel data from 16 local Korean … goverments by using the proposed estimator. The estimation results shows that the effects of growth rates on unemployment rates …

Regression Estimator). The QCCRE provides an estimation method for quantile regression with non-stationary time series data. The … mixed normal distribution. The estimation results show that disposible income has a positive effect which confirms previous …

group, using the recently developed several nonstationary panel cointegration techniques. The savings and investment rates … are nonstationary and cointegrated in panel. The estimated FH coefficients using panel FMOLS and DOLS estimators have … country groups. In addition, the FH coefficient using the panel cointegration estimator in FH original samples (16 OECD …

emerging market economies with quarterly data covering the period from September 2005 to September 2013, using dynamic panel … paper to analyse the effectiveness of foreign currency deposits in absorbing external shocks using country-level panel data …

-employed borrowers, using individual panel data held by the Bank of Korea and investigates financial sector fragility based on the …