A new panel cointegrating rank test which allows for a linear time trend with breaks and cross-sectional dependence is proposed. The correlation-augmented inverse normal (CAIN) based on modification of the method combines p-values individual likelihood-ratio trace statistics by assuming that number break points are known. Monte Carlo study demonstrates its robustness to superior size power prop...

Panel speakers are investigated in terms of structural vibration and acoustic radiation. A panel speaker primarily consists of a panel and an inertia exciter. Contrary to conventional speakers, flexural resonance is encouraged such that the panel vibrates as randomly as possible. Simulation tools are developed to facilitate system integration of panel speakers. In particular, electro-mechanical...

This paper attempts to enhance empirical understanding of the effects structural-change variables on economic outcomes. The relationships between sectoral shares and (1) speed structural change (2) growth were examined for a large panel 111 economies over period 1971-2018. Given time series properties absence long-run relationship them, OLS VAR models employed. results are largely in line with ...

This paper examines the relationship between exchange rates and stock prices in eight Asian countries using cointegration and Granger causality tests over the period 1991 to 2005. We test for cointegration and Granger causality for both individual countries using the Gregory and Hansen (1996) cointegration test that accommodates a structural break in the cointegrating vector, and for a panel us...