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market characteristics. We use a Panel Error Correction Model to assess the direction and persistence of the impact of …
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-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and … step uses the club assignments in a dynamic space-time panel data model to assess long-run dynamic direct and spillover …
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rates in conjunction with Bayesian model comparison methods. A second step uses a Bayesian space-time panel data model to … step involves identifying the number and composition of clubs using a space-time panel data model for annual income growth …
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characteristics, regulatory, institutional and macroeconomic variables. We use a dynamic panel data modeling structure to capture the …
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