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

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 …

-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 …

, 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 …

Bank. The elaboration of these panel data is made feasible by means of the Eviews software package …

We investigate the cyclicality of the private savings to GDP ratio for a panel of 19 OECD countries over the period …

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the … volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … enjoyed by many industrialized countries, known as the “Great Moderation”. It also proposes a new testing approach for panel …

international panel of countries in the Organization for Economic Cooperation and Development (OECD). I find a significant negative … alcohol use. Model specifications control for non-stationary panel data and for a variety of other economic and cultural …

recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that …