We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version … of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress … the first-stage residuals on the time-invariant regressors providing analytical standard error adjustments for the second …

household deleveraging has ended or whether further adjustment is needed. The novelty of this paper is to estimate a time …-level data for household debt from the FRBNY Consumer Credit Panel over the period 1999Q1 to 2012Q4 and employs the Pooled Mean …

We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version … of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress … the first-stage residuals on the time-invariant regressors providing analytical standard error adjustments for the second …

household deleveraging has ended or whether further adjustment is needed. The novelty of this paper is to estimate a time …-level data for household debt from the FRBNY Consumer Credit Panel over the period 1999Q1 to 2012Q4 and employs the Pooled Mean …

We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version … of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress … the first-stage residuals on the time-invariant regressors providing analytical standard error adjustments for the second …

impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … structural funds for an extended time horizon and examine the robustness of our results by comparing different dynamic panel …

cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006) …