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Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU) : evidence from heterogeneous panel analysis

Keho, Yaya - In: Cogent economics & finance 9 (2021) 1, pp. 1-16

This study investigates the determinants of the trade balance in West African and Monetary Union (WAEMU) over the period 1975-2017. We employ the Mean Group (MG) estimator along with the grouped mean version of Dynamic OLS (DOLS) and Fully Modified OLS (FMOLS) to deal with both endogeneity and...

Persistent link: https://www.econbiz.de/10013184391

Testing Purchasing Power Parity for the New EU Members and Turkey : A Panel Cointegration Analysis with Disaggregated CPI

Saygili, Hulya - 2009

This study applies multivariate panel cointegration technique to evaluate purchasing power parity (PPP) hypothesis by … to get evidence for cointegration to support PPP can be attributed to the inclusion of non-tradable goods in the …

Persistent link: https://www.econbiz.de/10012719706

Fundamentals of the Real Exchange Rate of the CFA Franc in WAEMU : An Application of Non-Stationary Panel Data Econometrics

Wonyra, Kwami Ossadzifo - 2018

Identifying the fundamentals of the real exchange rate of the CFA franc in WAEMU is the main objective of this paper. To achieve this, we used panel data over a period from 1984 to 2014. The results obtained using the Pooled Mean Group (PMG) method show that investment, government spending,...

Persistent link: https://www.econbiz.de/10012931146

Panel data analysis of the proposed monetary union in the Southern African development community

Zerihun, Mulatu Fekadu; Breitenbach, Marthinus C. - In: Spoudai : journal of economics and business 67 (2017) 4, pp. 23-44

1995-2016. We use first and second generation panel unit root tests and panel cointegration tests to test mainly for … stationarity and cointegration of real exchange rate series for the group of SADC countries. The findings from this study confirm … that there is stationarity and cointegration of the real exchange rate series among the 11 SADC member countries included …

Persistent link: https://www.econbiz.de/10011843930

Cross-section Dependence and the Monetary Exchange Rate Mode – A Panel Analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …

Persistent link: https://www.econbiz.de/10010274448

Cross-Section Dependence and the Monetary Exchange Rate Model : A Panel Analysis

Beckmann, Joscha; Belke, Ansgar Hubertus; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …

Persistent link: https://www.econbiz.de/10014183198

The ASEAN experience of the purchasing power parity theory

Murad, S. M. Woahid; Hossain, Mohammad Amzad - In: Financial innovation : FIN 4 (2018) 23, pp. 1-10

Appl Econ 22:265-312, 2007). For panel cointegration analysis, we employed the four error-correction-based Westerlund (Oxf … Bull Econ Stat 69:709-748, 2007) panel cointegration tests. The Westerlund (Oxf Bull Econ Stat 69:709-748, 2007) tests are … estimated the cointegration test excluding Indonesia and Brunei. The findings support our initial results. Further, all the …

Persistent link: https://www.econbiz.de/10011921966

A New Poolability Test for Cointegrated Panels

Westerlund, Joakim - 2013

This paper proposes a new test of the null hypothesis that the parameters in a cointegrated panel data regression are equal across the cross-section. The asymptotic distribution of the new test statistic is derived and simulation results are provided to suggest that it performs very well in...

Persistent link: https://www.econbiz.de/10013075469

Cross-section dependence and the monetary exchange rate model : a panel analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and … ; cointegration ; vector error-correction models …

Persistent link: https://www.econbiz.de/10009124360

Long-run Convergence in Greenhouse Gases, Reactive Compounds, Aerosol Precursors and Aerosols : An Application of Panel Analysis of Nonstationarity in Idiosyncratic and Common Components to OECD and BRICS Countries

Romero-Ávila, Diego - 2025

cointegration among individual series. Regarding deterministic convergence, the book provides compelling evidence of convergence in …

Persistent link: https://www.econbiz.de/10015375358