This article reviews recent advances in fixed effects estimation of panel data models for long
panels, where the number of time periods is relatively large. We focus on semiparametric …

This paper empirically estimates the effects of infrastructure investments on the level and
distribution of impoverished households' income, utilizing the arguably exogenous …

Seller marketing capability and brand reputation are central to firm performance and
customer behaviors. However, little is known about how these two dimensions matter in the …

The ultimate purpose of macroprudential policy is to avoid financial instability, such as
banking crises, which have a long-lasting and devastating effect on the economy. Although …

Cross‐section average‐augmented panel regressions introduced by Pesaran (2006) have
been a popular empirical tool to estimate panel data models with common factors. However …

Networks are often characterized by node heterogeneity for which nodes exhibit different
degrees of interaction and link homophily for which nodes sharing common features tend to …

Among the existing estimators of factor-augmented regressions, the CCE approach is the
most popular. A major reason for this popularity is the simplicity and good small-sample …

Factor structures or interactive effects are convenient devices to incorporate latent variables
in panel data models. We consider fixed effect estimation of nonlinear panel single-index …

We examine firm disclosure choice when information is received on a real-time, continuous
basis. We use transaction-level credit and debit card sales for a sample of retail firms to …

Do socioeconomic disparities between ethnic groups influence whether a country
democratizes and remains democratic? I propose that, on average, high levels of ethnic …