We develop a dynamic panel threshold model of capital structure to test the dynamic trade-off theory, allowing for …

This paper introduces a new test for error cross-sectional independence in large panel data models with exogenous …_{RMT} under heteroskedastic normal errors and assuming that both the panel size N and the sample size T grow to infinity in …

This paper presents a new approach to estimation and inference in panel data models with a multifactor error structure …

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random … models, and the more recent developments in the area of cross-sectional dependence in panel data models …

This paper presents a new approach to estimation and inference in panel data models with unobserved common factors …

The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … for stationary panel regressions with multifactor error structure. This paper extends this work and examines the important …

In this paper the class of admissable tests for unit roots in panel data sets of autoregressive, Gaussian time series …

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random … models, and the more recent developments in the area of cross-sectional dependence in panel data models. Keywords: random …

risks. With a slight reformulation of the loss function and a standard factor decomposition of a panel of forecasts, we show …

This paper presents a new approach to estimation and inference in panel data models with unobserved common factors …