Chapter 10: Dynamic panel data models
Restricted access

Many macroeconomic relationships are dynamic in nature in that they include at least one lagged dependent variable among the regressors: yit = _yi, t-1 + xit __+ uit i = 1,. . .,N t = 1,. . .,T (10.1) where _ is a scalar, x_it is 1 _ K and _ is K _ 1. The index i denotes countries, regions, firms, banks, and so on, while the index t denotes time. Some early examples include Islam (1995) on empirical growth models, Attanasio et al. (2000) on the relationship between saving, growth and investment, to mention a few.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account