Mitchell, James; Kapetanios, George; Shin, Yongcheol - Department of Economics, Leicester University - 2012
or clustering type behaviour. At an econometric level, the model is shown to nest various extant dynamic panel data …This paper proposes a nonlinear panel data model which can generate endogenously both `weak' and `strong' cross … models. These include panel AR models, spatial models, which accommodate weak dependence only, and panel models where cross …