Common factors and common breaks in panels : an empirical investigation

• المؤلف الرئيسي: Feng, Qu
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2021
• الموضوعات: Social sciences::Economic theory; Common Factors; Common Breaks
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/147537

Unobserved common factors and common breaks are two important features in empirical studies using large panels. Recently, Baltagi, Feng and Kao (2016, 2019) extended Pesaran's (2006) common correlated effects (CCE) approach by allowing for common breaks and endogenous regressors in large hetero...