This paper proposes a suitable theoretical framework for operationalizing the capability approach using the latent variable methodology. A structural equation model is specified to account for the unobservable and multidimensional aspects characterizing the concept of human development and to...

Mundlak (1978) showed that when individual effects are correlated with the explanatory variables in an error component (EC) model, the GLS estimator is given by the within. In this paper we bring out some additional interesting properties of the within estimator in Mundlak's model and go on to...

Mundlak ("On the Pooling of Time Series and Cross-Section Data", Econometrica, Vol. 46 (1978),pp. 69-85) showed that when individual effects are correlated with the explanatory variables in an error component (EC) model, the GLS estimator is given by the within. In this paper we bring out some...

Growth rate convergence, fact or artifact? An essay on panel data econometrics / Marc Nerlove -- Do panel data rescue the purchasing power parity (PPP) theory? / G.S. Maddala, Shaowen Wu and Peter C. Liu -- Neglected heterogeneity and dynamics in cross-country savings regressions / Nadeem U....