In this paper we focus on estimating the degree of cross-sectional dependence in the error terms of a classical panel …

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 …

-August 2020, the other from the ECB reporting average monthly values over the period January 1900-August 2020. The estimation …

approach can be applied to estimation of a variety of models such as spatial and dynamic panel data models. In this paper we … focus on the latter and consider both univariate and multivariate panel data models with short time dimension. Simple Bias …

tax reforms. It is therefore of large importance to use estimation methods that give reliable results and to know their …

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 …

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

derive the moment conditions and the optimal weighting matrix for a generalized moments (GM) estimation procedure of the … ; two-stages least squares ; generalized moments estimation ; asymptotics …