Empirische Analysen mit Paneldaten sind aus der wirtschafts- und sozialwissenschaftlichen Forschung seit Beginn der 80er Jahren nicht mehr wegzudenken. Die Beliebtheit resultiert unter anderem aus der Möglichkeit, mithilfe von Paneldaten unbeobachtete Unterschiede zwischen den...

A new panel data model is proposed to represent the behavior of economies in transition allowing for a wide range of possible time paths and individual heterogeneity. The model has both common and individual specific components and is formulated as a nonlinear time varying factor model. When...

This paper argues that cross-sectional dependence (CSD) is an indicator of misspecification in panel quantile regression (QR) rather than just a nuisance that may be accounted for with panel-robust standard errors. This motivates the development of a novel test for panel QR misspecification...