Efficient estimation of heterogeneous coefficients in panel data models with common shock
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- Çiçekçi, Cumhur & Gaygısız, Esma, 2023. "Procyclicality of fiscal policy in oil-rich countries: Roles of resource funds and institutional quality," Resources Policy, Elsevier, vol. 85(PB).
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More about this item
Keywords
Factor analysis; Block diagonal covariance; Panel data models; Common shocks; Maximum likelihood estimation; heterogeneous coefficients; Inferential theory;All these keywords.
JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ECM-2014-11-22 (Econometrics)
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