This paper reestablishes the main results in Bai (2003) and Bai and Ng(2006) for generalized factor models, with slightly stronger conditions on therelative magnitude of N(number of subjects) and T(number of time periods).Convergence rates of the estimated factor space and loading space and...

Most research questions in agricultural and applied economics are of a causal nature, i.e., how one or more variables (e.g., policies, prices, the weather) affect one or more other variables (e.g., the welfare of individuals or the society, the demanded or produced quantity, pollution). Only a...