Edited by Nigar Hashimzade and Michael A. Thornton
Chapter 10: Dynamic panel data models
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.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.