This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

latent heterogeneity for panel probit models. Within a Bayesian framework an estimation algorithm dealing with the inherent … ; MCMC Methods ; Panel Probit Model ; Mixture Modelling …

We analyse the problem of parameter inconsistency in panel data econometrics due to the correlation of exogenous …

This paper proposes a new panel unit root test based on Simes' [Biometrika 1986, An Improved Bonferroni Procedure for … panel, and no resampling. Monte Carlo experiments show good size and power properties relative to existing panel unit root … tests. Unlike previously suggested tests, the new test allows to identify the units in the panel for which the alternative …

maximum-likelihood-based panel cointegration tests with the help of Monte Carlo simulations. In this study the panel-p, the … group-p, the panel-t, the group-t statistics of Pedroni (1999) and the standardized LR-bar statistic of Larsson er al. (2001 …) are considered. The simulation results indicate that the panel-t and standardized LR-bar statistic have the best size and …

dynamic random-effects panel data models. This characteristic of the method makes it very attractive in empirical applications … with balanced and unbalanced panel data sets, and also two full length empirical applications are provided. The results …

We explore four decades of cyclical and long-run dynamics in income distribution and economic activity for a panel of …

informationally opaque. The application of a non-linear panel threshold model makes it possible to group firms endogenously according … measures of solvency are used as potential threshold variables. The firm-level panel dataset covers the period between 2006 and …