this paper investigates the potential bias arising when aggregate economy data instead of sectoral data is adopted in macro … 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 revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period … estimators are shown to be more robust to simultaneity and measurement error bias than the standard aggregate estimators and more … efficient than the ‘disaggregate’ estimators. Empirical illustrations relating to manufacturing productivity are given. …

financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on …

financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …

The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of …

literature: (i) finding the Holy Grail: total factor productivity is, by construction, a weighted average of dollars per worker …

productivity ; capacity utilization ; aggregation ; panel data … control for cyclical effects, we modify a standard technique in firmlevel production function estimation using a capacity … utilization proxy. Based on a large panel of Hungarian manufacturing firms, we decompose value added growth to input factor …

This paper examines the connections of structural change and economic openness to labour productivity growth using a … panel data set of 41 countries in sub-Saharan Africa for the period 1991-2015. A dynamic panel model of cross …-country productivity growth is estimated using the least squares with dummy variables approach. The results suggest that growth of labour …