This paper examines whether, in addition to standard unit root and cointegration tests, panel approaches also produce …

for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson et al. (2001), and … considered are T ϵ {10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 200, 500}. -- panel cointegration test ; correction factor …

This paper takes a panel cointegration approach to the estimation of short- and long-run exchange rate pass …-through (ERPT) to import prices in the European countries. Although economic theory suggests a long-run relationship between import … establish. Resorting to novel tests for panel cointegration, we find support for the equilibrium relationship hypothesis …