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 …

implements the panel-data approach of Kónya (2006), which is based on SUR systems and Wald tests with country-specific bootstrap …

(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence … tests reveal the existence of convergence clubs and divergent economies within the full panel, which explains why panel …

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate …

an application to the estimation of panel data models with an infinite number of weak factors and a finite number of …

This paper considers a class of GMM estimators for general dynamic panel models, allowing for cross sectional …

coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed … the panel. It is shown that the pooled estimator remains consistent so long as δ < 1, and is asymptotically normally …