This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

shocks. We show that firms whose debt" had a higher fraction of bank loans in 1989 performed worse from 1990 to 1993. This … affect performance during this period of time. We find that firms that were more" bank-dependent also invested less during … this period than other firms. This evidence points to an" adverse effect of bank-centered corporate governance, namely that …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

Utilizing new panel micro data on the ownership sequences of all types of borrowers from 1997-2012 leads to a …

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 …

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 …