dynamic panel data models. To illustrate particular pitfalls some further Monte Carlo results are produced, obtained from a … moments (GMM) estimators in homoskedastic stable zero-mean panel AR(1) models with random individual specific effects. We …

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

bootstrap. Simulation evidence shows that the proposed panel tests improve considerably on asymptotic tests applied to … individual series. As an empirical illustration we examined investment and saving for a panel of European countries over the 1960 … reject the null of stability, the bootstrap panel tests lead to the more plausible conclusion that the long-run relationship …

bootstrap. Simulation evidence shows that the proposed panel tests improve considerably on asymptotic tests applied to … individual series. As an empirical illustration we examined investment and saving for a panel of 14 European countries over the … cases do not reject the null of stability, the bootstrap panel tests lead to the more plausible conclusion that the long …

In our analysis we discuss several dynamic panel data estimators proposed in the literatureIn der vorliegenden Arbeit …

work. Dynamic panel data models have become increasingly popular in macroeconomics to study common relationships across … countries or regions. This paper estimates dynamic panel data models with stochastic volatility by maximizing an approximate …