, including a generalized method of moments (GMM) and random coefficient (RC) estimation, are employed on panel data covering the … estimation period 1977:1-2003:4 using three measures of volatility. In contrast to recent studies employing panel data, we do not … find a single instance in which volatility has a negative and significant impact on trade …

in a large panel data set. The evidence shows that capital account policies are contemporaneously correlated across … correlated with the imposition of capital account restrictions. -- Capital Controls ; Strategic Interaction ; Panel Data Analysis …

real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows to identify the real exchange rates that are stationary …

developed panel cointegration techniques to a structural long-run real exchange rate equation. Using annual data for 67 …

developed in the seminal paper by Feldstein and Horioka (1980). I construct a panel of 6 countries of the Caucasus – Armenia …, Azerbaijan, Georgia, Kazakhstan, Russia, and Turkey – and employ a panel cointegration approach. To that end, I make use of the … cross-dependency tests reject the presence of cross-sectional dependence. Panel unit root and cointegration tests confirm …

for the validity of the monetary exchange rate modelwithin a panel of vector error correction models for three …

unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we …

transformation of the results. Panel cointegration techniques are used to check the adequacy of the empirical model. The results …