... growth than its alternative. Design/methodology/approach We test this hypothesis empirically for 19 major Indian states using both panel and time-series data from 1980 to 2017. For the panel analysis, we estimate a dynamic linear panel model. To overcome aggregation bias (if any), we also conduct...

... is in determining the correct model for different data generating processes using time series data. An alternative approach based on more formal model selection techniques using an information criterion or cross-validation is also investigated. Design/methodology/approach Monte Carlo simulation experiments...

...David Fielding Uses recently developed techniques in the estimation of non‐stationary time series to construct money demand functions for four African economies, using quarterly data. Finds that money demand depends not only on income, inflation and interest rates, but also on variability...