literature we bring in macroeconomic panel data for 29 OECD countries over the period 1970-2010 to test the model. In order to …

for the full panel. Performing an expanding window analysis, we conclude that the differential between the long-term real …

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

, and estimation of panel cointegration models. In addition it surveys recent developments in dynamic panel data models …This paper provides an overview of topics in nonstationary panels: panel unit root tests, panel cointegration tests …

-Bretton Woods era. The results are obtained using new non-stationary panel estimation techniques, which significantly increase the … differentials. The tests are conducted on a panel of 18 OECD economies using the United States as a numeraire for the post … contrasts with earlier panel data studies, which tended to find that the real exchange rate was stationary. The results …

tested for in panel data, but not in univariate (i.e. country specific) analysis. The usual explanation for this mismatch is … that panel tests for unit roots and cointegration are more powerful than their univariate counterparts. In this paper we … suggest an alternative explanation for the mismatch. More generally, we warn against the use of panel methods for testing for …

literature by assembling a wide panel dataset of energy consumption and prices for 37 OECD and 41 non-OECD countries … the full 56 years of data for 17 countries and all countries having at least 18 years. In addition, our dynamic panel … always significant at the 95% level. A “grand” average (average of the many panel averages) suggests a GDP elasticity around …

By employing dynamic panel models we estimate the price and output elasticities of aggregate industrial electricity …-OECD/middle-income countries, and our dynamic panel estimates address nonstationarity, heterogeneity, and cross-sectional dependence. We believe … these are the first such panel estimates for non-OECD countries and among the few such estimates for OECD countries to …