Pei-Fen Chen

TL;DR: In this article, the authors apply a recent advance in panel analysis to estimate the panel cointegration and panel vector error correction models for a set of 22 OECD countries using annual data covering the period 1960-2001.

TL;DR: In this article, a new panel unit root testing procedure, developed by Cararrion-i-Silvestre et al., is applied to re-investigate the stationarity of energy consumption per capita for 7 regional panel sets covering the 1971-2002 period.

TL;DR: In this article, the authors investigated the effect of life insurance on economic growth and what conditions affect the insurance-growth nexus and found that both the development of stock market and the life insurance market are substitutes rather than complements.

TL;DR: In this article, the authors employed a state-of-the-art panel threshold model by allowing for regime intercepts, in order to shed new light on the asymmetric/nonlinear effects of local and global sentiments on expected industry stock returns among 11 Asian countries during the period from 1996 to 2010.

TL;DR: The authors examined the effect of structural breaks on the spot-futures oil prices relationship and explored the impact of structural break on four critical issues including cointegrating relationships, market efficiency under the expectation hypothesis and the no arbitrage rule, causalities, and forecasting performance of futures oil volatility.