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The article proposes a technique, based on the predictive density of the data, conditional on the parameters of the model, to jointly tests for groups of unknown size in a panel and to estimate the parameters of each group. The procedure is applied to the problem of identifying convergence clubs...
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migrates across countries with similar microeconomic specifications. Conversely, in a world where some component of permanent …
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migrates across countries with similar microeconomic specifications. Conversely, in a world where some component of permanent …
Persistent link: https://www.econbiz.de/10012475290
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among 120 world economies for the sample period of 1980-2010. The estimates show that the indirect contribution of initial …
Persistent link: https://www.econbiz.de/10012999621
Understanding and considering the distribution of per capita carbon dioxide (CO2) emissions is important in designing international climate change proposals and incentives for participation. I evaluate historic international emissions distributions and forecast future distributions to assess...
Persistent link: https://www.econbiz.de/10014059737