with simulations. Two examples based on European unemployment and inflation series are used to illustrate the virtue of the …

the estimation of long-run effects in dynamic heterogeneous panel data models with cross-sectionally dependent errors. The …This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our …

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

This paper considers testing the hypothesis that errors in a panel data model are weakly Cross-sectionally dependent … panel contains lagged values of the dependent variables, so long as there are no major asymmetries in the error distribution …

derive the moment conditions and the optimal weighting matrix for a generalized moments (GM) estimation procedure of the …

the Fraser Institute. The results from both cross-sectional and panel regressions using ordinary least squares indicate a …

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

This paper proposes a generalized panel data model with random effects and first-order spatially autocorrelated …