Karaman Örsal, Deniz Dilan - 2009
This thesis is composed of four essays which contribute to the literature in panel cointegration methodology. The first … essay compares the finite sample properties of the four residual-based panel cointegration tests of Pedroni (1995, 1999) and … the likelihood-based panel cointegration test of Larsson et al. (2001). The simulation results indicate that the panel …