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 …

to geographic aggregation. After reviewing the tradeoffs associated with more- and less-disaggregated analyses … of geographic aggregation. This analysis reveals that more-disaggregated analyses severely understate the extent to which …

statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an …

significant and correctly signed class size effects increases the higher the level of aggregation used to measure class size …