Estimating panel time-series models with heterogeneous slopes
TLDR
In this paper, a new Stata command, xtmg, is introduced that implements three panel time-series estimators, allowing for heterogeneous slope coefficients across group members: the Pesaran and Smith (199...Abstract:
This article introduces a new Stata command, xtmg, that implements three panel time-series estimators, allowing for heterogeneous slope coefficients across group members: the Pesaran and Smith (199...read more
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Consumption-based carbon emissions and International trade in G7 countries: The role of Environmental innovation and Renewable energy
TL;DR: To explore the unidentified determinants of CO2 emissions in G7 countries from 1990 to 2017, this study uses second-generation panel co-integration methodologies and confirms a stable long-run relationship amongCO2 emissions, trade, income, environmental innovation and renewable energy consumption.
Posted Content
Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries
TL;DR: The authors revisited the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting.
Journal ArticleDOI
Green growth and low carbon emission in G7 countries: How critical the network of environmental taxes, renewable energy and human capital is?
TL;DR: The outcomes of theoretical and empirical findings indicate that both linear and non-linear term for green growth reduces CO2 emissions, which supports the theoretical notion that green growth sustains environment quality.
Journal ArticleDOI
Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries
TL;DR: The authors revisited the relationship between financial development and economic growth in a panel of 52 middle-income countries over the 1980-2008 period and showed that there is an inverted U-shaped relationship between finance and growth in the long run.
Journal ArticleDOI
Does green investment, financial development and natural resources rent limit carbon emissions? A provincial panel analysis of China
TL;DR: St strengthening of national natural tax law, promotion of green investment and environmental-friendly policies to control carbon emissions, and augmented mean group and common correlated effect mean group methods provide supportive results for CS-ARDL estimates are recommended.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Journal ArticleDOI
Testing for unit roots in heterogeneous panels
TL;DR: In this article, a unit root test for dynamic heterogeneous panels based on the mean of individual unit root statistics is proposed, which converges in probability to a standard normal variate sequentially with T (the time series dimension) →∞, followed by N (the cross sectional dimension)→∞.
Journal ArticleDOI
Unit root tests in panel data: asymptotic and finite-sample properties
TL;DR: In this article, the authors consider pooling cross-section time series data for testing the unit root hypothesis, and they show that the power of the panel-based unit root test is dramatically higher, compared to performing a separate unit-root test for each individual time series.
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