This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ﾑobservedﾒ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

The consequences of aggregation, temporal or spatial, for the estimation of demand models are theoretically well … model at the most aggregated levels. Indeed, the results for quadratic adjustment costs confirm that aggregation along both …

showing that mortality is pro-cyclical whereas others find the opposite. Some suggest that the aggregation level of analysis …

This paper examines the role of regional aggregation in measuring agglomeration externalities. Using Dutch … effect of employment density on workers' wages increases in the level of regional aggregation, explained by larger … higher levels of regional aggregation …

changes for non-subsistence expenditures thereby producing a Cost of Living Index. The Atkinson Index of Inequality produces … an inequality measure and this is combined with the Cost of Living Index to produce an overall welfare measure. This …

, untaxed goods that are not substitutes for the taxed drinks. I analyze data from Mexico's Consumer Price Index program, using …