China using the quarterly province-level panel data for the period 1999 q1 to 2007 q4. Recently developed econometric … techniques for panel unit root testing and heterogeneous panel cointegration analysis are employed. The empirical results provide …. The variations across regions are detected and reasons for this fact are discussed. Based on the panel ECM, we show that …

common specification, and common estimation methods, we argue that the contradictory findings can be explained by the fact …

construction of the final instruments, may provide effective estimation strategies. Shrinkage is a well known approach that …

. We discuss two challenges to successful estimation of DSGE models: potential model misspecification and identification … problems. We argue that prior distributions and Bayesian estimation techniques are useful to cope with these challenges. We …

groups of similar time series in a panel of discrete-valued time series. We use Markov chain clustering, proposed by Pam …