This paper provides an overview of the recent literature on estimation and inference in large panel data models with … cross-sectional dependence. It reviews panel data models with strictly exogenous regressors as well as dynamic models with …-sectional dependence. It considers a number of alternative estimators for static and dynamic panel data models, distinguishing between …

This paper extends the Common Correlated Effects (CCE) approach developed by Pesaran (2006) to heterogeneous panel data … of cross section averages must be included in individual equations of the panel, and the number of cross section averages … dimension of the panel is sufficiently large. …

an application to the estimation of panel data models with an infinite number of weak factors and a finite number of …

chemical industry. We use a rich panel data-set of 12,552 firms observed over the period 2004-2006 and model output by the firm …

a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its …

This paper develops an estimator for higher-order spatial autoregressive panel data error component models with spatial …