In this paper, we propose new cointegration tests for single equations and panels. In both cases, the asymptotic … possible cointegration across units. …

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

In this paper we test for existence of cointegration between health expenditure and GDP using data from 19 OECD … countries for the period 1960-1995. Country-by-country and panel results based on the Johansen multivariate likelihood …-based inference and a new panel test for cointegration rank are presented. The empirical modelling is based on a bivariate vector …

This paper presents a likelihood-based panel test of cointegrating rank in heterogeneous panel models based on the mean …

cointegration to hold in the aggregate relationship. We also develop an estimation and testing framework to verify whether the … condition is met. Secondly, we analyze the case when cointegration doesn't carry through the aggregation process, investigating … derive the asymptotic measure of the degree of non cointegration of the aggregated estimate and we provide estimation and …

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

cointegrates. We derive asymptotic properties of the aggregate estimate, and necessary and su¢ cient conditions for cointegration … to hold in the aggregate relationship. We then analyze the case when cointegration does not carry through the aggregation …