Piper, Alan T.; Pugh, Geoffrey T. - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-5, pp. 1-6
This paper offers methodological comments on a recent (November 2014) Economic Journal article. The comments consider its use of a dynamic model - the inclusion of a lagged dependent variable - and its approach to estimation. By way of critique, the authors highlight general issues regarding...