countries. Using both homogeneous and heterogeneous panel cointegration techniques, I find that the effect of foreign aid on FDI …

heterogeneous panel datasets. This is known as the t-bar test, by which purchasing power parity is confirmed or rejected on the … purchasing power parity can be overcome using this panel data procedure. The findings also support the view that purchasing power …

null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The … univariate Augmented Dickey-Fuller test as well as its panel data version, developed in Im, Pesaran, and Shin (2003), to test for …

by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of … sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable. …

empirically analyzes the effects of sector-wise FDI inflows on respective sector-wise labor productivity for a panel of seven … confirm the existence of a long run Cointegration between these two variables. Wald test shows that a uni-directional short …

Using panel data, this paper tests whether foreign, public, and private capital have a positive and significant effect … Least Squares (FMOLS) procedure developed by Pedroni to generate consistent estimates of the relevant panel variables in the …

panel cointegration tests with a certain number of structural changes, the empirical findings show that FDI inward does … outward. Using a panel data set for 35 economies over the period 1981-2004 as well as the methodology of panel unit root and …