Innovation is at the core of fourth industrial revolution which is already under way. Both Sustainable growth and development depend on technological innovation. Traditional economic models/theories are now undermined because of new technologies like AI, automation,3D printing, robotics etc....

This study examines whether or not the convergence of per capita output—which is categorized as catching-up and long-run convergence, defined by Oxley and Greasley (1995)—exists within Asian newly industrializing economies (Asian NIEs), namely, Hong Kong, Singapore, South Korea, and Taiwan....

Renewable Portfolio Standard (RPS) is a widely implemented and discussed supply side state-level regulatory policy instrument aimed to promote generation of renewable energy. Existing literature on RPS developed from discussion of an appropriate policy design, its implementation on national...

This paper considers the estimation methods for dynamic panel data (DPD) models with fixed effects which suggested in econometric literature, such as least squares (LS) and generalized method of moments (GMM). These methods obtain biased estimators for DPD models. The LS estimator is...

This paper considers the estimation methods for dynamic panel data (DPD) models with fixed effects which suggested in econometric literature, such as least squares (LS) and generalized method of moments (GMM). These methods obtain biased estimators for DPD models. The LS estimator is...

This paper proposes the Fixed Effects Filtered (FEF) and Fixed Effects Filtered instrumental variable (FEF-IV) estimators for estimation and inference in the case of time-invariant effects in static panel data models when N is large and T is fixed. It is shown that the FEF and FEF-IV estimators...

PRELIMINARY DRAFT We discuss maximum likelihood (ML) analysis for panel count data models, in which the observed counts are linked via a measurement density to a latent Gaussian process with spatial as well as temporal dynamics and random effects. For likelihood evaluation requiring...

This paper provides a new comparative analysis of pooled least squares and fixed effects estimators of the slope coefficients in the case of panel data models when the time dimension (T) is fixed while the cross section dimension (N) is allowed to increase without bounds. The individual effects...

This paper considers a class of GMM estimators for general dynamic panel models, allowing for cross sectional dependence due to spatial lags and due to unspecified common shocks. We significantly expand the scope of the existing literature by allowing for endogenous spatial weight matrices,...

Spatial econometrics has recently been appraised in a theme issue of the Journal of Regional Science. Partridge et al. (2012) provide an overview of the three contributing papers, the most critical being Gibbons and Overman (2012). Although some of the critiques raised are valid, they are issues...