this paper investigates the potential bias arising when aggregate economy data instead of sectoral data is adopted in macro … manufacturing for a panel of 41 developing and developed countries (1963-1992).  We employ novel empirical methods which can … assumption.  We then investigate the potential for biased estimates due to aggregation and empirical misspecification, relying on …

this paper investigates the potential bias arising when aggregate economy data instead of sectoral data is adopted in macro … manufacturing for a panel of 41 developing and developed countries (1963-1992). We employ novel empirical methods which can … aggregation and empirical misspecification, relying on both theory and empirical evidence. Using data for a stylised aggregate …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

on the inflation rate for the Western Balkan. The research has applied panel data using dynamic approaches such as fixed … effects, and Arellano-Bover/Blundell-Bond estimation to determine relationships between variables and their impact on …, which has insignificant influence. Moreover, the analyses through the Arellano-Bover/Blundell-Bond estimation reveal that …

We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …

augmented Solow growth model and, through the use of panel data, can include total factor productivity as a country … total factor productivity. In the panel setting this can explain what it means to have too much capital per worker: these … economies simply do not have enough productivity to maintain their initial levels of per worker capital. This implies that …

For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period … estimators are shown to be more robust to simultaneity and measurement error bias than the standard aggregate estimators and more … efficient than the ‘disaggregate’ estimators. Empirical illustrations relating to manufacturing productivity are given. …

) diffusion, financial development and economic growth in the panel of developing countries for 2005-2019. Design …/methodology/approach - The study employed the principal component analysis (PCA) to extract the index of ICT diffusion. First-generation panel … ordinary least squares (DOLS). The panel Granger causality approach examined the short-run and long-run causality. Findings …

technology heterogeneity determines the speed of structural transformation following changes in agricultural productivity and … temperate than in otherwise identical equatorial/highland regions for a given productivity shock.  Eliminating technology …