. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …

explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next … employs a panel data technique is used. This estimator is suited for integrated annual macroeconomic panel data sets to …

Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the …-wise Granger Causality results suggest that real GDP and real exchange rate are causing to each other bi-directionally. The real …

expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …

econometric study on aid effectiveness is yet to exist. Using a triangulation of approaches involving the ARDL bounds test … approach and the Johansen maximum likelihood approach to cointegration for the period 1970-2007, we find that foreign aid has a …

have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …, and tests of Granger non-causality are performed within the estimated systems. The main results show that the causal … chains linking saving and output differ across countries, and also that causality associated with adjustments to long …

relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the … banking sector is found to have accelerated growth. Furthermore, Granger causality test indicate that causality runs from …

. The analysis proposed is based on a panel data approach and the Arellano-Bond estimator for dynamic panels. We obtain … necessarily for developed countries. We then invert the causality direction of the analysis. Rather than explaining economic …, and investment in infrastructures. We employ a generalised least squares AR(1) panel data model. The results provide …

techniques for panel unit root testing and heterogeneous panel cointegration analysis are employed. The empirical results provide … China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric …. The variations across regions are detected and reasons for this fact are discussed. Based on the panel ECM, we show that …

test in a panel environment to determine the causality of economic growth and structural change measured either in terms of … covering the period from 1960-2004 show that the causality appears to be heterogeneous. …