with the underlyingtheory. Based on a panel version of the Engle and Granger (1987) two-stepprocedure we find that the … residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …

for the validity of the monetary exchange rate modelwithin a panel of vector error correction models for three …

standard dynamic panel regression and cointegration techniques that have been used in earlier research. The findings reveal … station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses … massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity …

maximum-likelihood-based panel cointegration tests with the help of Monte Carlo simulations. In this study the panel-p, the … power properties among the five panel cointegration test statistics evaluated. Finally, the Fisher Hypothesis is tested with … group-p, the panel-t, the group-t statistics of Pedroni (1999) and the standardized LR-bar statistic of Larsson er al. (2001 …