Due to model uncertainty, there is no consensus about which are the most salient determinants of economic growth. To address model uncertainty, Bayesian Model Averaging approaches have recently been used in cross-country cross-sectional analyses. This paper extends these approaches to panel data...

The Arellano-Bond (1991) and Arellano-Bover (1995)/Blundell-Bond (1998) linear generalized method of moments (GMM) estimators are increasingly popular. Both are general estimators designed for situations with "small T, large N" panels, meaning few time periods and many individuals; with...

This article tries to explore the link between dividend payout policy and foreign institutional investment (FII). Using panel data of 150 listed Indian companies for the period 2001–2010, this article tries to explore the impact of FII on dividend payout policy and vice versa. The...

We propose a stress-testing framework to evaluate the sensitivity of banks’ profitability to plausible but severe adverse macroeconomic shocks. Specifically, we test the resilience of French banks’ profitability over the period 1993–2009. First, we identify the macroeconomic and financial...

As climate change and the regulation of carbon dioxide emissions play an increasingly important role in the global policy debate, careful consideration of the state-level determinants driving emissions must be considered. The importance of state-level determinants in the transmission of carbon...