panel methods that address both heterogeneity and cross-sectional dependence. Ultimately, it is determined that the negative …

) model with internal lagged instruments defined in levels for endogenous FD lags. We applied these models to annual panel … estimates of climate effects obtained from the dynamic panel model suggest the frequency of both water- and fire-based disaster … events before they are fully absorbed in insurance prices. The dynamic panel test for the null hypothesis of second and third …

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

We use theory and empirics to distinguish between the impact of temperature on transition (temporary) and steady state … (permanent) growth in output per capita. Standard economic theory suggests that the long-run growth rate of output per capita is …