addressed the issue of cross section dependence and used Westerlund (2007) panel cointegration test which is robust against … cross section dependence and heterogeneity for detecting the presence of panel cointegration. By applying Fully Modified OLS …

unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014 … exists a cross-sectional dependence across the countries. The Pedroni’s panel cointegration analysis provides clear support …

financial development and economic growth. The results of panel cointegration analysis suggest that there is two …-way cointegration relationship from GDP to GCF and BM in short-run as well as in long-run however, the relationship is one-way, that is …

are formed by integrated process of order 1. We find that without a cointegration relation (spurious case) the …. Whereas, for the case when at least one cointegration relation exists, we have a T-consistent estimator for the intervention …

-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …

Using recently developed panel unit root and panel cointegration tests and the Fully-Modified OLS (FMOLS) methodology … of the macro variables included in the model exhibit unit roots, yet, at the same time, Pedroni's panel cointegration …

using 27 years of national-level data do not find evidence of cointegration. However, it is known that tests for … cointegration have low power, especially in small samples. I use panel-data tests for cointegration that have been shown to be more … powerful than their standard time-series counterparts to test for cointegration in a panel of 95 metro areas over 23 years …

asymptotic normal distributions, irrespective of cointegration. A study of small-sample performance is carried out showing …

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … allows us to analyze the short- and long-run impacts of internationalization activities. For the long-run cointegration …