explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next … employs a panel data technique is used. This estimator is suited for integrated annual macroeconomic panel data sets to …

. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …

as well as pooled mean group and mean group estimators, the latter in a dynamic heterogeneous panel framework. We find … support for a dynamic estimation setup and derive statements regarding the homogeneity assumption with respect to the three … most prominent explanatory variables in the literature: the capital-output ratio, total factor productivity and trade …

-parametric (Olley and Pakes, Levinsohn and Petrin) productivity estimation methods. … assets are conducive to firm-level productivity. Our study contributes to the literature by simultaneously comparing … productivity effects of innovative capital, human capital, branding capital and organizational capital and testing whether …

This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 … performance distributions are more dispersed. In both countries, we observe non-linearities in the productivity effects of …

important peer effect that should not be omitted in the estimation of educational production functions. …