In this article we propose an intermediate procedure, the pooled mean group (PMG) estimator, which constrains long-run coefficients to be identical but allows short-run coefficients and error variances to differ across groups. We consider both the case where the regressors are stationary and the ...
FromBee Wah TAN <bewahtan@gmail.com> Tostatalist <statalist@hsphsun2.harvard.edu> Subjectst: 0 lag command for Pooled Mean Group (PMG) Estimator DateThu, 21 Nov 2013 12:07:50 +0800 Follow-Ups: Re: st: 0 lag command for Pooled Mean Group (PMG) Estimator ...
In this paper we investigate the long-run relationship between foreign aid, foreign direct investment and economic growth in 36 Sub-Saharan Africa countries over the period 1980-2007. Following the recent dynamic panel data of mean group (MG), pooled mean group estimator (PMG), and dynamic fix...
In this paper, the authors propose an intermediate procedure, referred to as the Pooled Mean Group (PMG) estimator, which constrains the long-run coefficients to be identical, but allows the short- run coefficients and error variances to differ across groups. The stationary case is considered ...
To address the issue of short run heterogeneity as well as long run homogeneity of the estimated coefficients in a panel framework, the pooled mean group (PMG) estimator has gained popularity since 1999. In this paper, we estimate the bilateral trade balance model for the USA vis‐à‐vis ...
To estimate the long-run and short-run impact, the pooled mean group (PMG) model is applied. KOF economic globalization index and Cantril ladder data are used as a proxy for globalization and happiness, respectively. The empirical results show that globalization has a positive impact on ...
Pooled Mean Group (PMG) EstimatorPanel DataBlack Market Exchange RateTesting purchasing power parity (PPP) using black market exchange rate data has gained popularity in recent times. It is claimed that black market exchange rateSocial Science Electronic Publishing...
Our evidence based on the pooled mean group estimations suggest that, for both the long and short run, although the impact of sectoral value additions is contingent on the proxy of trade, financial sector development does not have a significant effect on international trade. This holds ...
In addressing the issue of short-run heterogeneity as well as long-run homogeneity of the estimated coefficients in a panel framework, the Pooled Mean Group (PMG) estimator (Pesaran et al., 1999) has gained popularity in applied research in economics and business recently. This estimation ...
In this paper, we propose an intermediate procedure, referred to as the Pooled Mean Group (PMG) estimator, which constrains the long run coefficients to be identical, but allows the short run coefficients and error variances to differ across groups. We consider both the case where the ...