illustrated. -- Bayesian panel regression ; parametric covariance ; model selection …

In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section …

In this paper we derive a unit root test against a Panel Logistic Smooth Transition Autoregressive (PLSTAR). The …, finite sample properties of the test are examined. We highlight scenarios under which the traditional panel unit root tests … by Harris and Tzavalis have inferior or reasonable power compared to our test. -- Dynamic nonlinear panel ; Smooth …

affects growth directly. The empirical analysis is performed through GMM dynamic panel data estimations on a panel of 90 … development ; institutions ; dynamic panel data …

In this paper we show the consequences of applying a panel unit root test when testing for a purchasing power parity …

correlation in the form of AR(1) for the idiosyncratic or time-specific error component. Consistent estimation and asymptotic … normality is established for the consistent subsets. -- Panel data ; serial correlation ; random effects …

applied to the estimation of a production function for the Japanese chemical industry using a sample of 72 firms observed … during 1968-1987. Empirically, our focus is on measuring the returns to scale and technical change for the industry. -- Panel …