... downtrend. The authors use a univariate analysis for initial screening followed by panel unit root test, panel co-integration and causality test proposed by Toda–Yamamoto to examine the causal relationship. Findings The principal results suggest that for developed economies, there is a causal flow from...

...Varun Chotia; N.V.M. Rao Purpose The purpose of this paper is to investigate the relationship between infrastructure development, rural–urban income inequality and poverty for BRICS economies. Design/methodology/approach Pedroni’s panel co-integration test and panel dynamic ordinary least...

.... Alessio Ciarlone can be contacted at: alessio.ciarlone@bancaditalia.it © Emerald Group Publishing Limited 2015 Emerging markets House price Asset prices Housing markets Panel co-integration classification: E20, E21, E32, E44, C23, D12, P25, R21, R31 Global housing markets have...