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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

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

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

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

Specification and Estimation of Spatial Autoregressive Models with Autoregressive and Heteroskedastic Disturbances

Kelejian, Harry H.; Prucha, Ingmar R. - CESifo - 2008

One important goal of this study is to develop a methodology of inference for a widely used Cliff-Ord type spatial model containing spatial lags in the dependent variable, exogenous variables, and the disturbance terms, while allowing for unknown heteroskedasticity in the innovations. We first...

Persistent link: https://www.econbiz.de/10005766296

A Spatial Cliff-Ord-type Model with Heteroskedastic Innovations: Small and Large Sample Results

Arraiz, Irani; Drukker, David M.; Kelejian, Harry H.; … - CESifo - 2008

In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...

Persistent link: https://www.econbiz.de/10005181476

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

GM Estimation of Higher-Order Spatial Autoregressive Processes in Cross-Section Models with Heteroskedastic Disturbances

Badinger, Harald; Egger, Peter - CESifo - 2008

This paper generalizes the approach to estimating a first-order spatial autoregressive model with spatial autoregressive disturbances (SARAR(1,1)) in a cross-section with heteroskedastic innovations by Kelejian and Prucha (2008) to the case of spatial autoregressive models with spatial...

Persistent link: https://www.econbiz.de/10005406007

The Effect of Additional Funds for Low-Ability Pupils - A Nonparametric Bounds Analysis

Haan, Monique De - CESifo - 2012

This paper investigates the effect of a policy measure that gives secondary schools additional resources for low-ability pupils. Schools are free in deciding how to spend the additional money. I use a nonparametric bounds analysis to estimate upper and lower bounds on the effect of additional...

Persistent link: https://www.econbiz.de/10010593133