Common factors and common breaks in panels: An empirical investigation

Feng, Qu

doi:10.1016/j.econlet.2019.108897

Search citation statements

Order By: Relevance

Paper Sections

Select...

Reverse Causation1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2022

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

(1 citation statement)

References 20 publications

(28 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Baltagi et al (2019) demonstrate that the common factor approach helps control for UCFs even under the presence of endogenous regressors. Furthermore, the cross-sectional mean of parameters can be consistently estimated by the mean-group type estimators with endogenous variables (MG-IV) (Baltagi et al, 2019;Feng, 2020). 10 Accordingly, the estimated coefficient on LE is imprecisely estimated at conventional levels of statistical significance when I account for UCFs and parameter heterogeneity.…”

Section: Reverse Causationmentioning

confidence: 99%

Life expectancy and human capital: New empirical evidence

2022

Health Economics

View full text Add to dashboard Cite

This paper re-examines a well-established hypothesis postulating that life expectancy augments incentives for human capital accumulation, leading to global income differences. A major distinguishing feature of the current study is to estimate heterogeneous panel data models under a common factor framework, which explicitly accounts for parameter heterogeneity, unobserved common factors (UCFs), and variables' non-stationarity. In sharp contrast to most previous studies, I find that the impact of health improvements on human capital accumulation turns out to be imprecisely estimated at conventionally accepted levels of statistical significance. I demonstrate that conventional estimates of the educational returns to rising longev-

show abstract

Section: Reverse Causationmentioning

confidence: 99%

Life expectancy and human capital: New empirical evidence

2022

Health Economics

View full text Add to dashboard Cite

show abstract

Common factors and common breaks in panels: An empirical investigation

Cited by 1 publication

References 20 publications

Life expectancy and human capital: New empirical evidence

Life expectancy and human capital: New empirical evidence

Contact Info

Product

Resources

About