Based on recent evidence of fractional cointegration in commodity spot and futures markets, we investigate whether a … futures markets, the fractional model is found to be superior in terms of in-sample fit and also out-of-sample forecasting …

This article applies recently developed panel unit root and panel cointegration techniques to estimate the long-run and … short-run income and price elasticities for residential demand for electricity in G7 countries. The panel results indicate …

In this paper, we estimate a money demand function for a panel of five South Asian countries. We find that the money … cointegrated both for individual countries as well as for the panel, and panel long-run elasticities provide robust evidence of … statistically significant relationships between money demand and its determinants. Our test for panel Granger causality suggests …

, imports, and research and development (R&D), for 5 Asian countries using panel unit root, panel cointegration with structural … breaks and panel long-run estimator for the period 1974-2007. We model this relationship within the production function …