Estimating panel time-series models with heterogeneous slopes
Abstract
This article introduces a new Stata command, xtmg, that implements three panel time-series estimators, allowing for heterogeneous slope coefficients across group members: the Pesaran and Smith (1995, Journal of Econometrics 68: 79 – 113) mean group estimator, the Pesaran (2006, Econometrica 74: 967 – 1012) common correlated effects mean group estimator, and the augmented mean group estimator introduced by Eberhardt and Teal (2010, Discussion Paper 515, Department of Economics, University of Oxford). The latter two estimators further allow for unobserved correlation across panel members (cross-section dependence). Copyright 2012 by StataCorp LP.Download Info
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Article provided by StataCorp LP in its journal Stata Journal.
Volume (Year): 12 (2012)
Issue (Month): 1 (March)
Pages: 61-71
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Keywords: xtmg; nonstationary panels; parameter heterogeneity; cross- sectional dependence;References
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Donatella Baiardi & Carluccio Bianchi & Eleonora Lorenzini, 2013. "The Clothing Export Performance and Prospects for Advanced and Emerging Economies: Evidence from a Panel Data Analysis," DEM Working Papers Series 038, University of Pavia, Department of Economics and Management.
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