manufacturing for a panel of 41 developing and developed countries (1963-1992). We employ novel empirical methods which can … aggregation and empirical misspecification, relying on both theory and empirical evidence. Using data for a stylised aggregate …

We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor …

This paper studies the effects of common shocks on the OLS estimators of the slopes' parameters in linear panel data …

This paper studies the asymptotic validity of sieve bootstrap for nonstationary panel factor series. Two main results …

Standard panel unit root tests (PURTs) are not robust to breaks in innovation variances. Consequently, recent papers …

We consider large n, T panel data models with fixed effects, persistent common factors allowing for cross …

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the … volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … enjoyed by many industrialized countries, known as the "Great Moderation". It also proposes a new testing approach for panel …

Standard panel unit root tests (PURTs) are not robust to breaks in innovation variances. Consequently, recent papers …

This paper proposes a nonparametric test for common trends in semiparametric panel data models with fixed effects based …