countries. Using both homogeneous and heterogeneous panel cointegration techniques, I find that the effect of foreign aid on FDI …

heterogeneous panel datasets. This is known as the t-bar test, by which purchasing power parity is confirmed or rejected on the … purchasing power parity can be overcome using this panel data procedure. The findings also support the view that purchasing power …

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