Javascript verkar inte påslaget? - Vissa delar av Lunds universitets webbplats fungerar inte optimalt utan javascript, kontrollera din webbläsares inställningar.
Du är här

Testing for error correction in panel data

Publiceringsår: 2007
Språk: Engelska
Sidor: 709-748
Publikation/Tidskrift/Serie: Oxford Bulletin of Economics and Statistics
Volym: 69
Nummer: 6
Dokumenttyp: Artikel
Förlag: Blackwell Publishing


This paper proposes new error correction-based cointegration tests for panel data. The limiting distributions of the tests are derived and critical values provided. Our simulation results suggest that the tests have good small-sample properties with small size distortions and high power relative to other popular residual-based panel cointegration tests. In our empirical application, we present evidence suggesting that international healthcare expenditures and GDP are cointegrated once the possibility of an invalid common factor restriction has been accounted for.



  • Business and Economics


  • ISSN: 0305-9049

Box 117, 221 00 LUND
Telefon 046-222 00 00 (växel)
Telefax 046-222 47 20
lu [at] lu [dot] se

Fakturaadress: Box 188, 221 00 LUND
Organisationsnummer: 202100-3211
Om webbplatsen