standard dynamic panel regression and cointegration techniques that have been used in earlier research. The findings reveal … station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses … massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity …

A new panel data model is proposed to represent the behavior of economies in transition allowing for a wide range of … formulated as a nonlinear time varying factor model. When applied to a micro panel, the decomposition provides flexibility in … idiosyncratic behavior over time and across section, while retaining some commonality across the panel by means of an unknown common …

This paper deals with cross section dependence, homogeneity restrictions and small sample bias issues in dynamic panel … regressions. To address the bias problem we develop a panel approach to median unbiased estimation that takes account of cross … cross section error correlation. The paper also develops an asymptotic theory for tests of coefficient homogeneity under …

to produce a composite approximation that embodies the linear model hypothesis. The limit theory for the QLR test …

theory for inference, has omnibus power against general nonlinear alternatives, and allows estimation of an unknown …