We propose a dynamic clustering model for studying time-varying group structures in multivariate panel data. The model … dissimilarity and differences in bank profitability. …

-sections. This paper exploits panel data methods to improve the measurement by including the time-invariant part of unobserved … annual waves of the European Community Household Panel we compute indices of horizontal equity that partition total income … that many of the cross-country comparative results appear fairly robust to the panel data test, although the panel …

for the validity of the monetary exchange rate modelwithin a panel of vector error correction models for three …

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of … explain the upward trend. To correct for that, we extend the panel model (a gravity model) by including a time trend that may …

-effect directly from data that include EMU observations. Using a dynamic panel model for annual bilateral exports, we find that the …

We develop a panel data model with stochastic dynamic processes to empirically verify the possible existence of the …