Zincenko, Federico; Sosa-Escudero, Walter; … - In: Empirical Economics 47 (2014) 4, pp. 1365-1387
We derive tests for persistent effects in a general linear dynamic panel data context. Two sources of persistent behavior are considered: time-invariant unobserved factors (captured by an individual random effect) and dynamic persistence or “state dependence” (captured by autoregressive...