This paper studies the asymptotic properties of empirical nonparametric regressions that partially misspecify the relationships between nonstationary variables. In particular, we analyze nonparametric kernel regressions in which a potential nonlinear cointegrating regression is misspecified...

Social capital has proven to be a useful concept, but has been ill-defined and not well-measured in the economics literature. We propose a different empirical method for measuring social capital, latent class analysis, based on the idea that social capital is an unobservable multidimensional...

This chapter reviews the panel data forecasting literature. Starting with simple forecasts based on fixed and random effects panel data models. Next, these forecasts are extended to allow for various ARMA type structure on the disturbances, as well as spatial autoregressive and moving average...