Nowak-Lehmann D., Felicitas; Martínez-Zarzoso, Inmaculada - 2009
standard panel estimation techniques, such as 2-ways FE estimation, panel GMM and SUR estimation, points to some pitfalls … dynamic feasible generalized least squares estimation (DFGLS)). Estimations with DFGLS show that aid has an insignificant or a … the world. It can be shown that by not controlling for autocorrelation, one erroneously attributes to aid a larger …