The aim of this paper is to study the interdependence of military spending between US and a panel of European countries … in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii …

panel data of 135 countries for the period 1995–2008. For this purpose, Panel Granger causality analysis was applied to 11 …), Oceania (7 countries), Middle East & North Africa (11 countries), Sub Saharan Africa (24 countries) and the world (135 …). Findings showed that there is a unidirectional causality in America, Latin America & Caribbean and World from GDP to tourism …

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

proposed. The expression for a modified likelihood function is obtained for estimation and inference in a fixed-T context …. Using a bias-corrected likelihood approach makes it possible to reduce the estimation bias to a term of order 1/T². The … calibrated to the data used in the empirical analysis, drawn from the 1968-1993 Panel Study of Income Dynamics. The empirical …

panel cointegration techniques to derive fully countryspecific measures of misalignment and measures based on panel …-of-sample performance prior to comparing it to two final panel specifications. Robustness of the results is supported by recently introduced … cross-sectionally augmented panel unit root tests by Pesaran (2007) and bootstrapped error correction-based panel …

In the present paper it will be pointed out with a panel data econometric model that government debt puts banking … sector at stake since the volume of not performing loans goes up. The estimation of the model is made feasible through the …