This paper develops an estimator for higher-order spatial autoregressive panel data error component models with spatial …

Most of the existing literature on panel data cointegration assumes cross-sectional independence, an assumption that is … difficult to satisfy. This paper studies panel cointegration under cross-sectional dependence, which is characterized by a … factor structure. We derive the limiting distribution of a fully modified estimator for the panel cointegrating coefficients …

In this paper, we consider the estimation of a dynamic panel data model with non-stationary multi-factor error …

This paper provides an example of several modeling and econometric advances used in the panel estimation of energy … commercial electricity consumption by analyzing US state-based panel data. The paper employs recently developed dynamic panel …. Finally, the paper models energy efficiency improvements by a nonlinear time trend. To our knowledge no other paper has …

accurately estimated by maximum likelihood, while at the same time there is very little information about some of the individual …

estimation limit theory that encompasses stochastically nonstationary time series and should be of wide applicability …