M. Hashem Pesaran

Research topics

• Monetary Policy and Economic Impact · 4 papers
• Spatial and Panel Data Analysis · 2 papers
• Economic theories and models · 1 paper
• Economics of Agriculture and Food Markets · 1 paper
• Fiscal Policy and Economic Growth · 1 paper
• Economic Growth and Productivity · 1 paper

Frequent co-authors

• Yongcheol Shin · 2 papers
• Richard J. Smith · 1 paper
• Ron P Smith · 1 paper

Papers

1. Bounds testing approaches to the analysis of level relationshipsJournal of Applied Econometrics · 2001 · 20,290 citations

   Abstract This paper develops a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend‐…

2. A simple panel unit root test in the presence of cross‐section dependenceJournal of Applied Econometrics · 2007 · 12,694 citations

   Abstract A number of panel unit root tests that allow for cross‐section dependence have been proposed in the literature that use orthogonalization type procedures to asymptotically eliminate the cross‐dependence of the series before standard panel unit root tests are applied…

3. Pooled Mean Group Estimation of Dynamic Heterogeneous PanelsJournal of the American Statistical Association · 1999 · 6,488 citations

   It is now quite common to have panels in which both T, the number of time series observations, and N, the number of groups, are quite large and of the same order of magnitude. The usual practice is either to…

4. Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error StructureEconometrica · 2006 · 5,073 citations

   This paper presents a new approach to estimation and inference in panel data models with a general multifactor error structure. The unobserved factors and the individual-specific errors are allowed to follow arbitrary stationary processes, and the number of unobserved factors…