The debt and reserve are playing a pivotal role in the growth development of national economies. To examine foreign public (FPD) on exchange (FER) study used panel data by considering 20 Sub-Saharan Africa (SSA) countries interacting FPD with governance index across 15 years. dynamic static Generalized Method Moments (GMM) models were utilized after checking possible assumptions. GMM model foun...

Our research aims to determine the effect of electricity distribution and energy consumption on industrial development dynamics that occur between regions in Indonesia by adding investment inflation as control variables. The analysis tools we use are static (Fixed Effect) dynamic (GMM) panel data model with a dataset 34 provinces for 2012-2019 period. results state has significant positive indu...

capital market is one of the most important sectors of every economy. economic growth can lead to capital market boom and development, on the other hand, achieving desired economic growth and development is impossible without efficient financial institution and suitable funding resources. in this study the relationship between financial development and economic growth in opec countries and non-...

regarding the decentralization of credits management, this study examined the effect of fiscal policies on gross domestic product of the iranian provinces over the period 2001-2009. therefore, we used dynamic panel data and employed gmm-sys method to examine the model. the results show that the government expenditure and tax multiplier coefficients are less than one in short - run but greater t...

This paper develops a method for testing for the presence of a single structural break in dynamic panel data models with a multi-factor error structure. The test statistic is developed by combining a modified version of the GMM approach of Robertson and Sarafidis (2015) with the testing procedure of De Wachter and Tzavalis (2012). We focus on the case where N is large and T fixed. The asymptoti...

For the estimation of the parameters involved in a linear dynamic mixed model for panel data, it has been shown recently by Rao, Sutradhar, and Pandit (2012, Brazilian J. of Probability and Statistics, Vol. 26, 167–177) that the so-called generalized quasi-likelihood (GQL) approach produces more efficient regression estimates as compared to the generalized method of moments (GMM) approach. Thes...