Identification of common factors in panel data growth model

dc.authoridDeniz, Pinar/0000-0001-5693-1144
dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.authorwosidDeniz, Pinar/AAC-3440-2021
dc.contributor.authorDeniz, Pinar
dc.contributor.authorStengos, Thanasis
dc.contributor.authorYazgan, M. Ege
dc.date.accessioned2024-07-18T20:42:33Z
dc.date.available2024-07-18T20:42:33Z
dc.date.issued2018
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractCross sectional dependence may lead to inconsistent and inefficient estimators and as such misleading inferences when standard panel data techniques such as fixed/random effects are employed. Pesaran (2006) suggests incorporating cross sectional averages in panel data models as approximates of unobserved common factor(s) to deal with cross sectional dependence. In the context of a standard panel growth model we investigate whether these unobserved common factors can be identified and we find that institutional variables and life expectancy are able to adequately identify them. (C) 2018 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.econlet.2018.04.021
dc.identifier.endpage97en_US
dc.identifier.issn0165-1765
dc.identifier.issn1873-7374
dc.identifier.scopus2-s2.0-85046367319en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage94en_US
dc.identifier.urihttps://doi.org/10.1016/j.econlet.2018.04.021
dc.identifier.urihttps://hdl.handle.net/11411/7329
dc.identifier.volume168en_US
dc.identifier.wosWOS:000438479700024en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Science Saen_US
dc.relation.ispartofEconomics Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectGrowth Modelen_US
dc.subjectPanel Dataen_US
dc.subjectCommon Factoren_US
dc.subjectPrincipal Component Analysisen_US
dc.subjectCross-Sectional Dependenceen_US
dc.subjectEconomic-Growthen_US
dc.subjectDemographic-Changeen_US
dc.subjectInstitutionsen_US
dc.subjectEmpiricsen_US
dc.titleIdentification of common factors in panel data growth model
dc.typeArticle

Dosyalar