For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth …

", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger-causality …, feedback cannot be rejected, whereas the causality clearly runs from the stock market to the unemployment rate in the medium to …

and the reference series of the business cycle by carrying out bivariate and multivariate Granger-causality tests and by …