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Testing Weak Cross-Sectional Dependence in Large Panels
TLDR
In this paper, it was shown that the implicit null of the CD test depends on the relative expansion rates of N and T. When T = O(N^ϵ), for some 0Abstract:
This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent, using the exponent of cross-sectional dependence α, introduced recently in Bailey, Kapetanios and Pesaran (2012). It is shown that the implicit null of the CD test depends on the relative expansion rates of N and T. When T=O(N^ϵ), for some 0read more
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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.
Large Panel Data Models with Cross-Sectional Dependence: A Surevey
TL;DR: In this paper, the authors provide an overview of the recent literature on estimation and inference in large panel data models with cross-sectional dependence, including static and dynamic models with weakly exogenous regressors.
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Globalization and carbon emissions: Is there any role of agriculture value-added, financial development, and natural resource rent in the aftermath of COP21?
TL;DR: The empirical findings show that economic globalization, financial development, and natural resources increase carbon emissions, in contrast, agriculture value-added decreases carbon emissions.
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The impact of international trade on CO2 emissions in oil exporting countries: Territory vs consumption emissions accounting
TL;DR: In this article, the role of trade in CO2 emissions was investigated using a panel of nine oil exporting countries, and the impacts of exports and imports separately, and they considered two measures of CO 2 emissions-those based on consumption, and thus, adjusted for trade, and those based on territory (i.e., the typical approach in the literature).
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The nexus of carbon emissions, financial development, renewable energy consumption, and technological innovation: What should be the priorities in light of COP 21 Agreements?
TL;DR: A positive relationship between carbon emissions and financial development as well as a gross domestic product is revealed and the promotion of technological innovation and the use of renewable energy consumption will help in achieving the goals set by COP21.
References
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An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias
TL;DR: In this paper, a method of estimating the parameters of a set of regression equations is reported which involves application of Aitken's generalized least-squares to the whole system of equations.
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The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Trevor Breusch,Adrian Pagan +1 more
TL;DR: The Lagrange multiplier (LM) statistic as mentioned in this paper is based on the maximum likelihood ratio (LR) procedure and is used to test the effect on the first order conditions for a maximum of the likelihood of imposing the hypothesis.
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General Diagnostic Tests for Cross Section Dependence in Panels
TL;DR: In this paper, the authors proposed simple tests of error cross section dependence which are applicable to a variety of panel data models, including stationary and unit root dynamic heterogeneous panels with short T and large N.
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A bias‐adjusted LM test of error cross‐section independence
TL;DR: In this paper, bias-adjusted normal approximation versions of Lagrange multiplier (NLM) test of error cross section independence of Breusch and Pagan (1980) in the case of panel models with strictly exogenous regressors and normal errors were proposed.