M. Hashem Pesaran

3 weeks ago | dallasfed.org | Alexander Chudik |M. Hashem Pesaran |Ron Smith

Research Department Working Papers No. 2523 Abstract: This paper provides a new methodology for the analysis of multiple long-run relations in panel data models where the cross-section dimension, n, is large relative to the time-series dimension, T. For panel data models with large n, researchers have focused on panels with a single long-run relationship.