Goswami, Gour Gobinda; Junayed, Sadaquat - In: International Review of Applied Economics 20 (2006) 4, pp. 515-526
The autoregressive distributed lag model (ARDL), even though it distinguishes between the short run and the long run effect, allows both the intercepts and slopes to vary across countries. Static panel estimations, such as fixed-effects estimation (FE), cannot distinguish between the short run...
