Heterogeneous panel causality tests are employed to consider the relationship between urbanization change and economic …

annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …

annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …

countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the … paper tests for both panel unit roots and cointegration before employing the panel vector error-correction model (VECM …

a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit … root and Westerlund (2007) cointegration tests that account for cross-sectional dependence in the series, and three panel …

and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a …

added and employment) and economic growth. We used a panel Granger-causality analysis based on annual data for eight …

In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) to Coe and …

literature by assembling a wide panel dataset of energy consumption and prices for 37 OECD and 41 non-OECD countries … the full 56 years of data for 17 countries and all countries having at least 18 years. In addition, our dynamic panel … always significant at the 95% level. A “grand” average (average of the many panel averages) suggests a GDP elasticity around …