Showing 1 - 10 of 1,871
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
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
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
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
national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …
Persistent link: https://www.econbiz.de/10010274448
national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …
Persistent link: https://www.econbiz.de/10014183198
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
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
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
cointegration among individual series. Regarding deterministic convergence, the book provides compelling evidence of convergence in …
Persistent link: https://www.econbiz.de/10015375358