Similar Search Results

Econometric analysis of structural systems with permanent and transitory shocks

Pagan, Adrian R.; Pesaran, M. Hashem - In: Journal of economic dynamics & control 32 (2008) 10, pp. 3376-3395

Persistent link: https://www.econbiz.de/10003775856

Solution of finite-horizon multivariate linear rational expectations models and sparse linear systems

Binder, Michael; Pesaran, M. Hashem - In: Journal of economic dynamics & control 24 (2000) 3, pp. 325-346

Persistent link: https://www.econbiz.de/10001433026

Solution of finite-horizon multivariate linear rational expectations models and sparse linear systems

Binder, Michael; Pesaran, M. Hashem - In: Journal of economic dynamics & control 24 (2000) 3, pp. 325-346

Persistent link: https://www.econbiz.de/10001433029

Life-cycle consumption under social interactions

Binder, Michael; Pesaran, M. Hashem - In: Journal of economic dynamics & control 25 (2001) 1/2, pp. 35-83

Persistent link: https://www.econbiz.de/10001518173

Limited-dependent rational expectations models with future expectations

Pesaran, M. Hashem - In: Journal of economic dynamics & control 19 (1995) 8, pp. 1325-1353

Persistent link: https://www.econbiz.de/10001188040

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 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/10013129942

Beyond the DSGE Straitjacket

Pesaran, M. Hashem - 2011

Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...

Persistent link: https://www.econbiz.de/10013126144

An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects

Al-Sadoon, Majid - 2012

This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be arbitrarily correlated with covariates. The model is of the exponential type. We derive moment conditions that enable us to eliminate the unobserved heterogeneity term and at the same...

Persistent link: https://www.econbiz.de/10013096447

An Empirical Growth Model for Major Oil Exporters

Esfahani, Hadi Salehi - 2012

-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …

Persistent link: https://www.econbiz.de/10013107701

Testing Weak Cross-Sectional Dependence in Large Panels

Pesaran, M. Hashem - 2012

This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent, using the exponent of cross-sectional dependence α, introduced recently in Bailey, Kapetanios and Pesaran (2012). It is shown that the implicit null of the CD test depends on...

Persistent link: https://www.econbiz.de/10013108232