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We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10014024246
annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …
Persistent link: https://www.econbiz.de/10012237407
countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the … paper tests for both panel unit roots and cointegration before employing the panel vector error-correction model (VECM …
Persistent link: https://www.econbiz.de/10012149196
expenditures for a panel of 31 OECD countries over the period 1995-2021. A dynamic panel data analysis based on cointegration …
Persistent link: https://www.econbiz.de/10015410626
GMM estimation of autoregressive panel data equations in error-ridden variables when the noise has memory, is … country panel data supplements the simulation results. …
Persistent link: https://www.econbiz.de/10010479979
spatial panel model with fixed effects. The model presented provides evidence of the importance of increasing returns to scale …
Persistent link: https://www.econbiz.de/10011479474
estimation of this relationship at the mean employing longitudinal data, with the typical finding supporting the inverted U shape …. Conditional mean estimation, however, can mask heterogeneities present at higher and/or lower quantiles of the emissions …'' distribution, in addition to being more sensitive to the presence of outliers. We apply methods for conditional-quantile panel …
Persistent link: https://www.econbiz.de/10013095652
This paper considers kernel-based nonparametric estimation of panel models using local linear least squares, when both … nonparametric fixed-effects models, it is shown that conventional within transformation or first difference render panel … 1/(NT(h^3)). The optimal bandwidth parameter is also obtained to be of the order (NT)^{-1/7}. The new estimation is …
Persistent link: https://www.econbiz.de/10014218920
the estimation of long-run effects in dynamic heterogeneous panel data models with cross-sectionally dependent errors. The …
Persistent link: https://www.econbiz.de/10010212372
We propose theory-based Monte Carlo simulations to quantify the extent to which the estimated speed of convergence depends on the underlying econometric techniques. Based on a theoretical growth model as the data generating process, we find that, given a true speed of convergence of around 5%,...
Persistent link: https://www.econbiz.de/10011561221