Testing for error correction in panel data

By Joakim Westerlund. 2006

5,549 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/59932e5f77e30e0b2fb0cc88552004439b4e7f9c

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Citations in the corpus

Renewable energy policies and contradictions in causality: A case of Next 11 countries (2018, methodology): “Table-3 presents the results of the Westerlund (2007) cointegration test (details of the test is provided in Appendix-1).”
How strong is the causal relationship between globalization and energy consumption in developed economies? A country-specific time-series and panel analysis (2018, methodology): “The presence of long-run association between globalization and energy consumption is ascertained by applying Westerlund (2007) cointegration test.”
Public debt and economic growth: panel data evidence for Asian countries (2020, methodology): “Westerlund (2007) developed four panel cointegration test statistics (Gt,Ga, Pt and Pa) based on the Error Correction Model (ECM).3 The results of all these additional cointegration tests are summarised in Table 4 and in all cases show no evidence of cointegration.”
Error-Correction–Based Cointegration Tests for Panel Data (2008, methodology): “westerlund replicates the tables in Westerlund (2007). noisily shows the regressions for the separate series.”
Macroprudential Policies and Housing Prices-A New Database and Empirical Evidence for Central, Eastern, and Southeastern Europe (2012, methodology): “One of the two Westerlund (2007) ECM panel cointegration tests rejects the null of no cointegration between these two variables while the other does not.16 We proceed by modeling housing price dynamics in our sample in an error correction framework, where changes in the log of (seasonally adjusted)…”
Analyzing the determinants of carbon emissions from transportation in European countries: the role of renewable energy and urbanization (2020, methodology): “Therefore, the other cointegration test procedure used is Westerlund (2007), which estimates four panel cointegration statistics.”
Revisiting the CO2 emission-induced EKC hypothesis in South Asia: the role of Export Quality Improvement (2020, methodology): “The four tests under the Westerlund (2007) panel cointegration approach are structured in the context of an error-correction model which can be expressed as: Dyit ¼ d0idt þ ai yi;t 1 b 0 ixi;t 1 þ Xpi j¼1 aijDyi;t j þ Xpi qi cijDxi;t j þ eit ð7Þ where dt stands for the deterministic components and…”
Does ICT trade facilitate renewable energy transition and environmental sustainability? Evidence from Bangladesh, India, Pakistan, Sri Lanka, Nepal and Maldives (2020, methodology): “The two group-mean test statistics Gt and Ga and the two panel test statistics Pt and Pa within the Westerlund (2007) cointegration analysis can be expressed as: Gt ¼ 1 N X N i¼1 âi SE âið Þ ð12Þ Ga ¼ 1 N X N i¼1 T âi âi 1ð Þ ð13Þ Pt ¼ âi SE âið Þ ð14Þ Pa ¼ T â: ð15Þ Additionally, the…”