González, Andrés; Teräsvirta, Timo; van Dijk, Dick - Economics Institute for Research (SIR), … - 2005
; heterogenous panel; investment; misspecification
test; nonlinear modelling panel data; smooth transition models.
JEL Classification … Features in Maastricht,
December 2003, the 11th International Panel Data Conference, College Station, TX, June 2004, the EEA …: Andres.Gonzalez@hhs.se (corresponding author)
1 Introduction
In regression models for panel data it is typically assumed …