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Large Panel Data Models with Cross-Sectional Dependence: A Survey

Chudik, Alexander; Pesaran, M. Hashem - CESifo - 2013

This paper provides an overview of the recent literature on estimation and inference in large panel data models with … cross-sectional dependence. It reviews panel data models with strictly exogenous regressors as well as dynamic models with …-sectional dependence. It considers a number of alternative estimators for static and dynamic panel data models, distinguishing between …

Persistent link: https://www.econbiz.de/10010877867

Chudik, Alexander; Pesaran, M. Hashem - CESifo - 2013

This paper extends the Common Correlated Effects (CCE) approach developed by Pesaran (2006) to heterogeneous panel data … of cross section averages must be included in individual equations of the panel, and the number of cross section averages … dimension of the panel is sufficiently large. …

Persistent link: https://www.econbiz.de/10010877901

Weak and Strong Cross Section Dependence and Estimation of Large Panels

Chudik, Alexander; Pesaran, M. Hashem; Tosetti, Elisa - CESifo - 2009

an application to the estimation of panel data models with an infinite number of weak factors and a finite number of …

Persistent link: https://www.econbiz.de/10005034631

Testing Weak Cross-Sectional Dependence in Large Panels

Pesaran, M. Hashem - CESifo - 2012

This paper considers testing the hypothesis that errors in a panel data model are weakly Cross-sectionally dependent … panel contains lagged values of the dependent variables, so long as there are no major asymmetries in the error distribution. …

Persistent link: https://www.econbiz.de/10010546958

Sources of Productivity Spillovers: Panel Data Evidence from China

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - CESifo - 2014

a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its …

Persistent link: https://www.econbiz.de/10010877809

Trade, Wages, and Profits

Egger, Hartmut; Egger, Peter; Kreickemeier, Udo - CESifo - 2012

This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm’s operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...

Persistent link: https://www.econbiz.de/10010877908

Bohemians, Human Capital, and Regional Economic Growth

Falck, Oliver; Fritsch, Michael; Heblich, Stephan - CESifo - 2009

An emerging literature on the geography of bohemians argues that a region’s lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there...

Persistent link: https://www.econbiz.de/10005013060

The Tradeoff Between Redistribution and Effort: Evidence from the Field and from the Lab

Buch, Claudia M.; Engel, Christoph - CESifo - 2012

simultaneously determined. Using cross-country panel data from the World Value Survey, we find that it is important to model …

Persistent link: https://www.econbiz.de/10010547897

Exchange Rate Misalingment Estimates - Sources of Differences

Cheung, Yin-Wong; Fujii, Eiji - CESifo - 2011

We study the differences of currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....

Persistent link: https://www.econbiz.de/10009278133

Growth, Foreign Direct Investment and Urban Concentrations: Unbundling Spatial Lags

Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10005765950