ignored in existing empirical studies. We use time series and up-to-date panel data techniques to test for cointegration with … the possibility of structural breaks and show how the long run may be restored in the estimation. The main finding is that … run cointegration relationship, where over the sample period the fixed component of the pass-through decreased while the …

This paper presents results concerning the performance of both single equation and system panel cointegration tests and … unit circle, of I(2) components, of short-run cross-sectional correlation and of cross-unit cointegration on the … cointegrating ranks varying from zero to two for fourteen different panel dimensions. The usual specifications of deterministic …

The authors address the issue of estimation and inference in dependent non-stationary panels of small cross …

-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …

-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …

We use a panel cointegration model with multiple time- varying individual effects to control for the enigmatic missing …

The paper proposes a panel cointegration analysis of the joint development of government expenditures and economic …

Western European countries between 1990 and 2006 and uses the latest developments in panel unit root and cointegration testing … been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 …

a panel cointegration approach. The main idea behind this choice is that this approach allows to directly estimate …

the relationship between transfers, state domestic product, and fiscal deficit for a panel of states during the period …-variate cointegration analysis, which finds a long-run relationship between fiscal transfers, state product per capita and the primary …