univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for … null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …

This study develops new rank tests for panels that include panel unit root tests as a special case. The tests are …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration, the …

Using recently developed panel unit root and panel cointegration tests and the Fully-Modified OLS (FMOLS) methodology … assessing the impact of remittances on growth in Latin American and the Caribbean. Panel unit root tests suggests that several … of the macro variables included in the model exhibit unit roots, yet, at the same time, Pedroni's panel cointegration …

This paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce … disappears, and strong empirical support is found for PPP. It appears therefore that recent advances in panel data econometrics …

recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that …

annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …

This paper aims to investigate the long-run relationship between financial development and economic growth using panel … 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 …

panel unit root tests to the relevant variables to determine if they are stationary. It also applies a panel (and group … panel regressors of the modified pooled investment function. The last section summarizes the findings and offers some policy …