Lanzafame, Matteo - In: Empirical Economics 46 (2014) 1, pp. 1-18
economic growth in Africa. Our econometric approach is based on a reduced-form model and takes account explicitly of parameter … heterogeneity and cross section dependence, relying on ARDL modelling and panel estimators with multifactor structures. We find … confirms that, by not controlling for cross section dependence, traditional panel estimators are likely to provide misleading …