This paper proposes a robust method for semiparametric identification and estimation in panel multinomial choice models, where we allow for infinite-dimensional fixed effects that enter into consumer utilities in an additively nonseparable way, thus incorporating rich forms of unobserved...

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...

The paper quantifies the role of factors associated with the growth (or decline) of micro and small businesses in European economies. The growth is related to the levels of employment and value added in enterprises, as well as, ten institutional variables. We test the data for consistency of...

For panel data models including time-invariant variables, this paper proposes a new Hausman pretest estimator of the internal instruments of Hausman-Taylor estimator. It assumes Mundlak and Krishnakumar linear specification for the endogeneity of random individual effects. Furthermore, the paper...

We use a quasi-likelihood function approach to clarify the role of initial values and the relative sample size of the cross-section dimension N and the time series dimension T on the asymptotic properties of estimators for dynamic panel data models with the presence of individual-specific...

This note discusses the pros and cons of using the conditional mean approach of Mundlak (1978) and Chamberlain (1980) and the linear difference approach to deal with the incidental parameters issue in estimating fixed effects dynamic panel data models. The importance of the data generating...

This article is our personal perspective on the IPS test and the subsequent developments of unit root and cointegration tests in dynamic panels with and without cross-section dependence. In this note, we discuss the main idea behind the test and the publication process that led to Im, Pesaran...

En este trabajo se determina el potencial de valorización del metro cuadrado de suelo (metro cuadrado del lote) de los barrios de la ciudad de Barranquilla (Colombia), a partir de datos mensuales para el periodo comprendido entre 2001 y 2011. Se utiliza información de avalúos inmobiliarios,...

This paper proposes the Fixed Effects Filtered (FEF) and Fixed Effects Filtered instrumental variable (FEF-IV) estimators for estimation and inference in the case of time-invariant effects in static panel data models when N is large and T is fixed. It is shown that the FEF and FEF-IV estimators...