3 papers
econ.EM2026
The Output Convergence Debate Revisited: Lessons from recent developments in the analysis of panel data models
M Hashem Pesaran, Ron Smith
This paper provides a critical examination of the empirical basis of the output convergence debate in the light of recent developments in the analysis of dynamic heterogeneous pane…
econ.EM2026
Forecasting with panel data: Estimation uncertainty versus parameter heterogeneity
M. Hashem Pesaran, Andreas Pick, Allan Timmermann
We provide a comprehensive examination of the predictive performance of panel forecasting methods based on individual, pooling, fixed effects, and empirical Bayes estimation, and p…
econ.EM2025
Analysis of Multiple Long-Run Relations in Panel Data Models
Alexander Chudik, M. Hashem Pesaran, Ron P. Smith
The literature on panel cointegration is extensive but does not cover data sets where the cross section dimension, , is larger than the time series dimension . This paper pro…