Similar Search Results

International R&D Spillovers: An Application of Estimation and Inference in Panel

Chiang, Min-Hsien; Kao, Chihwa; Chen, Bangtian - EconWPA - 1997

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

Persistent link: https://www.econbiz.de/10005119273

Nonparametric rank tests for non-stationary panels

Pedroni, Peter L.; Vogelsang, Timothy J.; Wagner, Martin; … - In: Journal of Econometrics 185 (2015) 2, pp. 378-391

We develop a set of nonparametric rank tests for non-stationary panels based on multivariate variance ratios which use untruncated kernels. As such, the tests do not require the choice of tuning parameters associated with bandwidth or lag length and also do not require choices with respect to...

Persistent link: https://www.econbiz.de/10011190711

International migration to Germany : estimation of a time-series model and inference in panel cointegration

Brücker, Herbert - 2003

Persistent link: https://www.econbiz.de/10013436328

Dynamic corporate capital structure behavior : empirical assessment in the light of heterogeneity and non stationarity

Bontempi, Maria Elena; Bottazzi, Laura; Golinelli, Roberto - 2015

Understanding the dynamics of the leverage ratio is at the heart of the empirical research about firms' capital structure, as they can be very different under alternative theoretical models. The pillars of almost all empirical applications are the maintained assumptions of poolability and...

Persistent link: https://www.econbiz.de/10011715923

International migration to Germany : estimation of a time-series model and inference in panel cointegration.

Brücker, Herbert; Siliverstovs, Boriss; Trübswetter, … - 2003

null of no cointegration can be decisively rejected by applying the panel cointegration test of Pedroni (1999). The …

Persistent link: https://www.econbiz.de/10011439458

Within and between panel cointegration in the German regional output-trade-FDI nexus

Mitze, Timo - 2010 - First version: May 2010; this version: October 2010

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently … included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both … allows us to analyze the short- and long-run impacts of internationalization activities. For the long-run cointegration …

Persistent link: https://www.econbiz.de/10011535894

Is health care a necessary or luxury product for Asian countries? An answer using panel approach

Abdullah, S. M.; Siddiqua, Salina; Huque, Rumana - In: Health Economics Review 7 (2017) 4, pp. 1-12

addressed the issue of cross section dependence and used Westerlund (2007) panel cointegration test which is robust against … cross section dependence and heterogeneity for detecting the presence of panel cointegration. By applying Fully Modified OLS …

Persistent link: https://www.econbiz.de/10011803087

The Feldstein–Horioka puzzle in Latin American and Caribbean countries: a panel cointegration analysis

Murthy, N. Vasudeva - In: Journal of Economics and Finance 33 (2009) 2, pp. 176-188

Persistent link: https://www.econbiz.de/10005755491

Bias in Dynamic Panel Estimation with Fixed Effects, Incidental Trends and Cross Section Dependence

Phillips, Peter C.B.; Sul, Donggyu - Cowles Foundation for Research in Economics, Yale University - 2003

Explicit asymptotic bias formulae are given for dynamic panel regression estimators as the cross section sample size N approaching infinity. The results extend earlier work by Nickell (1981) and later authors in several directions that are relevant for practical work, including models with unit...

Persistent link: https://www.econbiz.de/10005593226

Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures

Pesaran, M.H.; Smith, R.P; Yamagata. T.; Hvozdyk, L. - Faculty of Economics, University of Cambridge - 2006

In this paper we adopt a new approach to testing for purchasing power parity, PPP, that is robust to base country effects, cross-section dependence, and aggregation. We test for PPP applying a pairwise approach to the disaggregated data set recently analysed by Imbs, Mumtaz, Ravan and Rey (2005,...

Persistent link: https://www.econbiz.de/10005647420