massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity … estimation is recommended for practical implementation of dynamic panel regression with highly disaggregated climate data … station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses …

This paper considers estimation and inference concerning the autoregressive coefficient (p) in a panel autoregression …-Hsiao (AH) IV procedure. It is well known that the AH IV estimation suffers from weak instrumentation when p is near unity. But … it is not so well known that AH IV estimation is still consistent when p = 1. In fact, the AH estimating equation is very …