This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T … degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …

This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T … degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …

are formed by integrated process of order 1. We find that without a cointegration relation (spurious case) the …. Whereas, for the case when at least one cointegration relation exists, we have a T-consistent estimator for the intervention …

-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …

asymptotic normal distributions, irrespective of cointegration. A study of small-sample performance is carried out showing …

panel and intra-panel cointegration techniques to test for long-run relationship between variables. Therefore, results from …

-unit cointegration, without the need to specify the form of dependence or estimate nuisance parameters associated with the dependence … roots ; cointegration ; cross-sectional dependence …

-unit cointegration, without the need to specify the form of dependence or estimate nuisance parameters associated with the dependence …