We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

panel model using a system of generalized method of moments (SYS-GMM) to address the risk of endogeneity bias in the … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …

mitigate the harmful causes of volatility. Our panel data estimation confirms our cross-country results, but we also offer …

using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …

dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger …

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …