In this paper we use cross-state panel data to show a positive and significant correlation between various measures of … for around 17% of the total increase in the top 1% income share between 1975 and 2010. Yet, innovation does not appear to … increase other measures of inequality which do not focus on top incomes. Next, we show that the positive effects of innovation …

of stronger persistence in productivity than in innovation …This paper introduces dynamics in the R&D-to-innovation and innovation-to-productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the …

panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of …

The permanent income hypothesis is tested on a four-quarter panel of about two thousand Japanese households for ten … time. Durability is defined as the persistence of the distributed lag. The permanent income hypothesis implies that, for … (probably more than ninety percent) of the population, and (3) the habit persistence hypothesis is rejected in favor of the …

distributed lag relationships based on single time-series of observations have been usually rather imprecise. The promise of panel … which are, at least in part, testable, and outline appropriate estimation techniques. The first places reasonable …

This study presents a general methodology for fitting multiple time series models to panel data. The basic statistical … panel data, and it identifies those instances in which procedures found in the time series literature cannot be directly … applied to analyze longitudinal data. Data analysis techniques in the tine series literature are adapted for panel data …

distributed lag relationships based on single time-series of observations have been usually rather imprecise. The promise of panel …; both of which are, at least in part, testable, and outline appropriate estimation techniques. The first places reasonable …

panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to …

addressed much more directly given the recent availability of panel data featuring repeated observation over extended periods of …