...-period lag based dynamic panel model can be presented as follows in equation (2) : (2) y i t = α i + θ t + β y i , t − 1 + x i t ′ η + ε i t E24 F20 F40 Foreign direct investments (FDIs) are assumed to have several beneficial...

...)availability Financial crisis E24 E32 R10 R30 G01 Different from this stream of literature, we explicitly try to address the endogeneity of real estate prices using the land unavailability measure of Saiz (2010) in an instrumental variable approach. We follow this approach because...

... value chains Panel cointegration Dumitrescu–Hurlin panel causality Cross-sectional dependence C33 E24 F16 F12 Labour productivity (LP) is a key facet of economic growth and sustainable development. Increased productivity raises output with a given amount of inputs, which signals...