unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we … national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and … in line with the suggestions of the monetary model. -- Monetary exchange rate model ; common factors ; panel data …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector error …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …