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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 …
Persistent link: https://www.econbiz.de/10011633663
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 …
Persistent link: https://www.econbiz.de/10011904249
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 …
Persistent link: https://www.econbiz.de/10012237407
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 …
Persistent link: https://www.econbiz.de/10011579472
-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …
Persistent link: https://www.econbiz.de/10012727117
While the gig economy has been growing rapidly, evidence on its implications for the labor force remains sparse. This paper shows that gig work can buffer income losses arising from unemployment shocks. Matching a large sample of administrative employment data with information on platform entry,...
Persistent link: https://www.econbiz.de/10013290694
We examine the existence of Real Interest Rate Parity (RIRP) for a number of Organisation for Economic Co-operation and Development (OECD) countries. Using time series techniques, we manage to identify cointegrating relationships. For a subset of countries our findings suggest the existence of a...
Persistent link: https://www.econbiz.de/10013007999
We consider a class of panel tests covering tests for the null hypothesis of no cointegration as well as cointegration …
Persistent link: https://www.econbiz.de/10013043027
asymptotic normal distributions, irrespective of cointegration. A study of small-sample performance is carried out showing …
Persistent link: https://www.econbiz.de/10013031907
To which extent do equity and housing hedge against inflation? Despite an extensive literature, there is only little consensus. This paper presents new evidence from the Jordà-Schularick-Taylor Macrohistory Database, which covers return rates on housing and equity as well as consumer price...
Persistent link: https://www.econbiz.de/10012544584