We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for … problems. Second, we apply nonlinear-nonstationary parametric and non-parametric estimation techniques to estimate the pairwise … differenced regressions, since panel unit root tests indicate that our income and emission series are integrated of order one. Our …

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price …

their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … equations across pairs or regional units or even across cross-sectional units and time inevitably leads to a panel data …

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

maximum likelihood estimation of the parameters in the model, we use an expectation maximization algorithm based on the state …