EUA futures market and spot market. For this purpose, the paper provides the unit root test and the cointegration test for …

.S. banking. We employ parametric, non-parametric, nonlinear and switching cointegration tests and a general-to-specific testing … switching cointegration between PCA-defined ratios and default risk. This occurs in 1993 and coincides with the adoption of PCA … legislation. We conclude that PCA is effective in reducing default risk. In contrast, there is no clear evidence of cointegration …

, Germany, Italy, Spain and the United Kingdom, and accounting for structural breaks in the data, I investigate cointegration …

employ cointegration test with a structural break as well as time varying parameters approach (TVP) that takes into account …

employed Johansen (1990) and Johansen & Juselius (1990) cointegration technique to check the existence of long run relationship …

data from 1991.4 to 2010.8. This study employed cointegration test and vector error correction models (VECM) to examine … cointegration between macroeconomic variables and Stock prices in Ghana indicating long run relationship. The above long term …

In this paper a panel cointegration analysis is made of both overall development of government expenditure and economic … forms, using the methods of unit roots and cointegration in panel data. …

This paper develops two nonlinear cointegration models - a VECM with structural shift and a threshold cointegration … threshold cointegration models. We find strong error-correction effects for the carbon futures price. Asymmetry is implied in …