This paper investigates the asymptotic properties of a penalized empirical likelihood estimator for moment restriction models when the number of parameters (p) and/or the number of moment restrictions increases with the sample size. Our main result is that the SCAD-penalized empirical likelihood...

This paper investigates the asymptotic properties of a penalized empirical likelihood estimator for moment restriction models when the number of parameters ( p n ) and/or the number of moment restrictions increases with the sample size. Our main result is that the SCAD-penalized empirical...

This paper suggests that one should account for the endogeneity of important explanatory variables and the persistence of technology shocks when analyzing spatial convergence among regions.Specifically, it is argued that a systems approach is called for that includes the average growth rate and...