Kao, Chihwa; Chiang, Min-Hsien; Chen, Bangtian - In: Oxford Bulletin of Economics and Statistics 61 (1999) Special Issue Nov., pp. 691-709
In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1998) to Coe and Helpman's (1995) international R&D spillovers regression. The OLS with bias-correction, the fully-modified (FM) and the dynamic OLS (DOLS) estimations produce different predictions...
