-run restrictions than are needed because of a failure to fully utilize the cointegration information. …

This paper analyzes wage decomposition methodology in the context of panel data sample selection embedded in a … correlated random effects setting. Identification issues unique to panel data are examined for their implications for wage … decompositions. As an empirical example, we apply our methodology to German Socio-Economic Panel (GSOEP) data with which we …

The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … for stationary panel regressions with multifactor error structure. This paper extends this work and examines the important … cointegration properties of the unobserved factors. This finding is further supported for small samples via an extensive Monte Carlo …

number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first …

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

integration ; misalignment ; second-generation panel unit root and cointegration tests …

unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on … this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …