Chudik, Alexander; Pesaran, M. Hashem - CESifo - 2013
cross-sectional dependence. It reviews panel data models with strictly exogenous regressors as well as dynamic models with … weakly exogenous regressors. The paper begins with a review of the concepts of weak and strong cross-sectional dependence …, and discusses the exponent of cross-sectional dependence that characterizes the different degrees of cross …