We address the issue of panel cointegration testing in dependent panels, showing by simulations that tests based on the … estimation of common factors. Potential extensions include test for cointegration allowing for a break in the cointegrating coe …

This paper puts forward a new instrumental variables (IV) approach for linear panel data models with interactive …

due to a correlation of the time-fixed regressors with the combined error term in panel data settings. A common solution … simulations, where we explicitly control for the problem of IV selection in the Hausman-Taylor case. The simulation results show …

This paper develops an instrumental variable (IV) estimator for consistent estimation of dynamic panel data models with …

develop a bootstrap panel cointegration test with breaks robust to cross-section dependence. The test suggests that, even …-Horioka puzzle) in a panel of 18 OECD countries, 1970-2007, allowing for heterogenous breaks in the coefficients. For this purpose we … investment-savings long-run relationship for the panel as a whole. …

develop a bootstrap panel cointegration test with breaks robust to cross-section dependence. The test suggests that, even …-Horioka puzzle) in a panel of 18 OECD countries, 1970-2007, allowing for heterogenous breaks in the coefficients. For this purpose we … investment-savings long-run relationship for the panel as a whole. …

This paper develops a novel Method of Moments approach for panel data models with endogenous regressors and unobserved …

properties of unemployment and inflation using the recently developed and more powerful panel unit root tests namely PANIC -Panel …

policy at different time horizons. The first article evaluates the purchasing power parity (PPP) theory in a panel of Sub … adjustment and exchange rate flexibility in a panel of emerging market and developing economies. The purpose of this article is … possible asymmetric responses of the exchange rate to shocks, and (ii) apply suitable dynamic panel data estimators to …