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 … German regional data (NUTS 1 level) for GDP, trade, and FDI activity during the period 1976-2005. Applying various …

The focus of this paper is to estimate the effect of the different types of regional trade agreements on the volume of … trade between country pairs. The analysis will employ the "empirical workhorse" of international trade; the gravity model …. We hypothesize that the deeper agreements have a stronger effect on trade, especially when considering the extensive …

parameter heterogeneity associated with cross-country growth regressions. The results have found evidence to suggest that trade … more reliable estimates to support the claim that trade openness has significant and robust role on economic growth and …The positive association between trade openness and income has been debated over years due to serious estimation flaws …