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corruption on economic growth of AFTZ member states. The study employed a panel data analysis for the period 2010-2016, using … the determining variable. The usual 3 panel models were run for each group, with efficiency noted from the reported …
Persistent link: https://www.econbiz.de/10012910879
Both theorists and practitioners continue to show interest in transatlantic burden-sharing. International security and political economy scholarship offers plausible explanations for transatlantic imbalances in military expenditures. However, NATO Allies and EU Member States have pledged to one...
Persistent link: https://www.econbiz.de/10012967515
-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …
Persistent link: https://www.econbiz.de/10011538958
From time to time, economies undergo far-reaching structural changes. In this paper we investigate the consequences of structural breaks in the factor loadings for the specification and estimation of factor models based on principal components and suggest test procedures for structural breaks....
Persistent link: https://www.econbiz.de/10003815484
This paper considers approximating the nite sample null-distribution of a test statistic as its asymptotic distribution under a local alternative. We focus on the Likelihood Ratio test for the rank of cointegration and use nonlinearities that represent some nite sample distributional features....
Persistent link: https://www.econbiz.de/10013077563
for the validity of the monetary exchange rate modelwithin a panel of vector error correction models for three …
Persistent link: https://www.econbiz.de/10011302148
the period 1967–2008. We strive to fill the gaps present in the previous literature through a second-generation panel …
Persistent link: https://www.econbiz.de/10012890063
. EU integration process has had a positive bearing on tourism movements in the surveyed countries. The panel regression …
Persistent link: https://www.econbiz.de/10011841916
This paper takes a panel cointegration approach to the estimation of short- and long-run exchange rate pass … establish. Resorting to novel tests for panel cointegration, we find support for the equilibrium relationship hypothesis …. Exchange rate pass-through elasticities, estimated by two different techniques for cointegrated panel regressions, give insight …
Persistent link: https://www.econbiz.de/10011974808
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10003825885