On the neutrality of money in CEE (EU member) states: A panel cointegration analysis

Panel Cointegration and the Neutrality of Money

Most econometric methods for testing the proposition of long-run monetary neutrality rely on the assumption that money and real output do not cointegrate. This paper argues that these results can be attributed in part to the low power of univariate tests, and that a violation of the noncointegration assumption is likely to result in a nonrejection of the neutrality proposition. To alleviate thi...

EU Enlargement: The New Member States and Agricultural Trade Potentials

Integration of Croatian, Cee and Eu Equity Markets: Cointegration Approach

This paper examines bilateral and multilateral integration of equity markets of selected Central and Eastern European countries including Croatia, and German equity market for the period of January 2nd, 1997 to June 10th, 2005. Application of the Johansen cointegration procedure indicates existence of multilateral integration between equity markets of analyzed CEE economies, as well as between ...

The Global Health Policies of the EU and its Member States: A Common Vision?

Background This article assesses the global health policies of the European Union (EU) and those of its individual member states. So far EU and public health scholars have paid little heed to this, despite the large budgets involved in this area. While the European Commission has attempted to define the ‘EU role in Global Health’ in 2010, member states are active in the domain of global health ...

Analyzing the effects of income inequality on public debt in OPEC member states by threshold panel

Abstract One of the major problems of developing governments, such as those of OPEC member states, is the government deficit and rising public debt. One of the reasons for this public debt is government policies faced with income inequalities. The opposite side said that the increased income inequality can lead to capital accumulation and thus increase production and tax payments and reduce go...