Unit Root and Cointegration Tests for Cross-Sectionally Correlated Panels. Estimating Regional Production Functions

This paper employs recently developed non stationary panel methodologies that assume some cross-section dependence to estimate the production function for Italian regions in the industrial sector over the period 1970-1998. The analysis consists in three steps. First, unit root tests for cross-sectionally dependent panels are used. Second, the existence of a co-integrating relationship between value added, physical and human capital variables is investigated. The Dynamic OLS (DOLS) and Fully modified (FMOLS) estimators developed by Pedroni (1996, 2000, 2001) and the Panel Dynamic OLS (PDOLS) estimator proposed by Mark and Sul (2003) are then used to estimate the long run relationship between the variables considered

MoreLess

Year of publication:	2006
Authors:	Basile, Roberto ; Costantini, Mauro ; Destefanis, Sergio
Publisher:	[S.l.] : SSRN
Subject:	Produktionsfunktion \| Production function \| Panel \| Panel study \| Kointegration \| Cointegration \| Schätztheorie \| Estimation theory \| Einheitswurzeltest \| Unit root test \| Schätzung \| Estimation \| Zeitreihenanalyse \| Time series analysis

Extent:	1 Online-Ressource (37 p)
Series:	ISAE Working Paper ; No. 53
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2005 erstellt
Other identifiers:	10.2139/ssrn.936324 [DOI]
Classification:	C33 - Models with Panel Data ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014055387