This study examines the relationship between urbanization, energy consumption, foreign
direct investment (FDI), and carbon dioxide (CO 2) emission of 17 countries in the South and …

Recent developments in the field of the econometrics of panel data with non‐stationary
series are reviewed and interpreted. In particular, we discuss tests for unit roots and …

The panel data unit root test suggested by Levin and Lin (LL) has been widely used in
several applications, notably in papers on tests of the purchasing power parity hypothesis …

Panel data econometrics continues to be a hot topic in econometrics and has experienced a
lot of growth over the last two decades. Micro-and Macro-panels are increasing in …

Asymptotic distributions and critical values are computed for several residual‐based tests of
the null of no cointegration in panels for the case of multiple regressors, including …

This chapter uses fully modified OLS principles to develop new methods for estimating and
testing hypotheses for cointegrating vectors in dynamic panels in a manner that is consistent …

This paper employs recently developed techniques for testing hypotheses in cointegrated
panels to test the strong version of purchasing power parity for a panel of post Bretton …

This paper investigates whether foreign direct investment (FDI) affects economic growth
based on a panel of data for 84 countries over the period 1970–99. Both single equation …

In this paper, we propose a simple testing procedure to detect the presence of
nonstationarity against nonlinear but globally stationary exponential smooth transition …

Recent panel studies of purchasing power parity have reported strong evidence of mean-
reversion in real exchange rates. However, these studies fail to control for cross-sectional …