Sosa-Escudero, Walter; Marchionni, Mariana; Arias, Omar - Facultad de Ciencias Económicas, Universidad Nacional … - 2006
This paper uses a unique panel dataset (1995-2001) of rural El Salvador to investigate the main sources of the persistence and variability of incomes. First we propose an econometric framework where a general dynamic panel model is validly reduced to a simple linear structure with a dynamic...