individual panel data allow exploiting important methodological advantages. Novelties of our test of the Easterlin hypothesis are … a) long-term panel data and estimation with individual fixed effects, b) regional GDP per capita with a higher variation …. Using long-term panel data for Germany and the United Kingdom, we do not find robust evidence for a relationship between GDP …

German municipalities using a panel on municipalities in the two largest German states from 1999 to 2006. We find signifi …

I derive the unconditional transformed likelihood function and its derivatives for a fixed-effects panel data model …

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 …

"bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to … generate the asymmetric wage cyclicality found in the panel data. The model also can match most of the properties of wages and …

. Testing our model using a large panel of German multinationals, we identify all three debt tax shields. Our estimates suggest …

This paper considers estimation methods and inference for linear dynamic panel data models with unit …