R
Ron Smith
Researcher at Birkbeck, University of London
Publications - 309
Citations - 20854
Ron Smith is an academic researcher from Birkbeck, University of London. The author has contributed to research in topics: Interest rate & Investment (macroeconomics). The author has an hindex of 53, co-authored 289 publications receiving 18556 citations. Previous affiliations of Ron Smith include University of London & University of Colorado Boulder.
Papers
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Estimating long-run relationships from dynamic heterogeneous panels☆
M. Hashem Pesaran,Ron Smith +1 more
TL;DR: In panel data four procedures are widely used: pooling, aggregating, averaging group estimates, and cross-section regression as discussed by the authors, and the theoretical results on the properties of these procedures are illustrated by UK labour demand functions for 38 industries over 30 years.
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Pooled Mean Group Estimation of Dynamic Heterogeneous Panels
TL;DR: The pooled mean group estimator (PMG) estimator as discussed by the authors constrains long-run coefficients to be identical but allows short run coefficients and error variances to differ across groups.
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Growth and convergence in a multi-country empirical stochastic solow model
TL;DR: In this paper, the authors examined the econometric properties of estimates of sigma convergence as traditionally defined in the literature and showed that all these estimates are subject to substantial biases and that the empirical estimates clearly reflect the nature and the magnitude of these biases as predicted by Econometric theory.
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Structural Analysis of Cointegrating VARs
M. Hashem Pesaran,Ron Smith +1 more
TL;DR: In this paper, a survey of recent developments in the analysis of cointegrating vector autoregressions (VARs) to examine their links to the older structural modelling traditions using Autoregressive Distributed Lag (ARDL), and Simultaneous Equations Models (SEMs).
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Models of military expenditure and growth: a critical review
TL;DR: In this article, the authors present a review of the theoretical and econometric issues involved in estimating growth models that include military spending, concluding that the Feder-Ram model is largely the product of the particular specification used in the defence economics literature but not in the mainstream literature.