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Pesaran, M. Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10009010169

Revisiting the great ratios hypothesis

Chudik, Alexander; Pesaran, M. Hashem; Smith, Ron - 2022

pooled mean group estimator (SPMG) to deal with these features. Using this new panel estimator and a dataset spanning almost …

Persistent link: https://www.econbiz.de/10013041372

Weak and strong cross section dependence and estimation of large panels

Chudik, Alexander; Pesaran, M. Hashem; Tosetti, Elisa - 2009

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

Persistent link: https://www.econbiz.de/10003854425

Econometric analysis of high dimensional VARs featuring a dominant unit

Pesaran, M. Hashem; Chudik, Alexander - 2010

This paper extends the analysis of infinite dimensional vector autoregressive models (IVAR) proposed in Chudik and Pesaran (2010) to the case where one of the variables or the cross section units in the IVAR model is dominant or pervasive. This extension is not straightforward and involves...

Persistent link: https://www.econbiz.de/10003969212

Chudik, Alexander; Pesaran, M. Hashem - 2013

This paper extends the Common Correlated Effects (CCE) approach developed by Pesaran (2006) to heterogeneous panel data … cross section averages must be included in individual equations of the panel, and the number of cross section averages must … dimension of the panel is sufficiently large. …

Persistent link: https://www.econbiz.de/10009743851

Large panel data models with cross-sectional dependence : a survey

Chudik, Alexander; Pesaran, M. Hashem - 2013

This paper provides an overview of the recent literature on estimation and inference in large panel data models with … cross-sectional dependence. It reviews panel data models with strictly exogenous regressors as well as dynamic models with …-sectional dependence. It considers a number of alternative estimators for static and dynamic panel data models, distinguishing between …

Persistent link: https://www.econbiz.de/10009786037

Is there a debt-threshold effect on output growth?

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2015

develop tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent …

Persistent link: https://www.econbiz.de/10011292965

Debt, inflation and growth : robust estimation of long-run effects in dynamic panel data models

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2013

the estimation of long-run effects in dynamic heterogeneous panel data models with cross-sectionally dependent errors. The …

Persistent link: https://www.econbiz.de/10010212372

A bias-corrected method of moments approach to estimation of dynamic Short-T panels

Chudik, Alexander; Pesaran, M. Hashem - 2017

approach can be applied to estimation of a variety of models such as spatial and dynamic panel data models. In this paper we … focus on the latter and consider both univariate and multivariate panel data models with short time dimension. Simple Bias …

Persistent link: https://www.econbiz.de/10011735967

Publicly Funded R&D Collaborations and Patent Outcome in Germany

Czarnitzki, Dirk; Fier, Andreas - 2003

The stimulation of co-operations and networks has become very popular in R&D policies in recent years. This study examines the development and the impact of publicly funded R&D consortia in Germany. The paper describes the history of R&D funding in Germany with a focus on the development of...

Persistent link: https://www.econbiz.de/10010297272