In this paper the seasonal unit root test of Hylleberg et al. (1990) is generalized to cover a heterogenous panel. The … industrialized countries. In some cases seasonal unit roots are detected. However, the null hypotheses of panel seasonal unit roots …

wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … ; spatial correlation ; spatial panel model …

wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … income hypothesis ; panel cointegration ; wealth effects …

unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on …

unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on …