This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than … 20 estimators common in the panel data literature using the data on migration to Germany from 18 source countries in the … estimates of the migration function. Out-of-sample forecasting results indicate the following: (i) the standard fixed effects …

This paper compares various forecasts using panel data with spatial error correlation. The true data generating process … rather than homogeneous panel data models. …

differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …

This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a …

This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary …

individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the …