The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 transition countries over the 1990-2003 period; it uses a fixed effects panel approach to account for possible bias from correlations among the unobserved effects and the observed...

The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 transition countries over the 1990-2003 period; it uses a fixed effects, full-information maximum likelihood, panel approach to account for possible bias from correlations among...

We make a methodological contribution to the latent class literature by re-examining censored variable analysis within a panel data context. Specifically, we extend the standard latent class tobit panel approach to include random effects, to allow for heteroskedasticity and to incorporate the...

The transition from economic theory to a testable form invariably involves the use of certain "simplifying assumptions". However, if these are not valid, misspecified model result. This paper considers consistent estimation of the dynamic panel model which often forms the basis of testable...