Forecasting using heterogeneous panels with cross-sectional dependence
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DOI: 10.1016/j.ijforecast.2019.11.007
Abstract: Abstract In this paper, we focus on forecasting methods that use heterogeneous panels in the presence of cross-sectional dependence in terms of both spatial error dependence and common factors. We propose two main approaches to… read more here.
Keywords: forecasting using; cross sectional; dependence; using heterogeneous ... See more keywords
Factor Models in Panels with Cross-sectional Dependence: An Application to the Extended SIPRI Military Expenditure Data
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DOI: 10.1080/10242694.2016.1261428
Abstract: Strategic interactions between countries, such as arms races, alliances and wider economic and political shocks, can induce strong cross-sectional dependence in panel data models of military expenditure. If the assumption of cross-sectional independence fails, standard… read more here.
Keywords: sectional dependence; factor models; cross sectional; military expenditure ... See more keywords