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Testing Weak Cross-Sectional Dependence in Large Panels
8 references·16 citing·55 second hop
Testing Weak Cross-Sectional Dependence in Large Panels (2012)Testing Weak Cross-Sectional Dependence i…Weak and strong cross‐section dependence and estimation of large panels (2011)Weak and strong cross‐section…A test of cross section dependence for a linear dynamic panel model with regressors (2008)A test of cross section depen…A bias-adjusted LM test of error cross-section independence (2008)A bias-adjusted LM test of er…Spatial data analysis: theory and practice (2004)Spatial data analysis: theory…Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model (2004)Modeling Regional Interdepend…Socio‐economic distance and spatial patterns in unemployment (2002)Socio‐economic distance and s…Assessing cross-sectional correlation in panel data (1995)Assessing cross-sectional cor…Funds, Factors, and Diversification in Arbitrage Pricing Models (1983)Funds, Factors, and Diversifi…Financial inclusion and carbon emissions in Asia: Implications for environmental sustainability (2023)Financial inclusion and carbo…Women on boards, firms’ competitive advantage and its effect on ESG disclosure in Malaysia (2022)Women on boards, firms’ compe…The Influence of Institutional Quality on Human Development: Evidence from Developing Countries (2022)The Influence of Institutiona…The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach (2022)The Critical Role of Educatio…Islamic finance and economic growth nexus: an empirical evidence from Southeast Asia using dynamic panel one-step system GMM analysis (2021)Islamic finance and economic …A Bias-Corrected CD Test for Error Cross-Sectional Dependence in Panel Data Models with Latent Factors (2021)A Bias-Corrected CD Test for …Income inequality and financialization: a not so straightforward relationship (2020)Income inequality and financi…Does Sukuk financing boost economic growth? 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The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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References

  • 2008A bias-adjusted LM test of error cross-section independence2,542 cited
  • 2004Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model1,461 cited
  • 2004Spatial data analysis: theory and practice965 cited
  • 1995Assessing cross-sectional correlation in panel data924 cited
  • 2011Weak and strong cross‐section dependence and estimation of large panels691 cited
  • 1983Funds, Factors, and Diversification in Arbitrage Pricing Models496 cited
  • 2002Socio‐economic distance and spatial patterns in unemployment370 cited
  • 2008A test of cross section dependence for a linear dynamic panel model with regressors288 cited

Cited by

  • 2020Consumer panic in the COVID-19 pandemic244 cited
  • 2021A Bias-Corrected CD Test for Error Cross-Sectional Dependence in Panel Data Models with Latent Factors167 cited
  • 2015Estimation of heterogeneous panels with structural breaks135 cited
  • 2013Cointegration in Panel Data with Structural Breaks and Cross-Section Dependence124 cited
  • 2013Large Panel Data Models with Cross-Sectional Dependence: A Survey124 cited
  • 2015Large Panel Data Models with Cross-Sectional Dependence116 cited
  • 2022

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The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach
98 cited
  • 2023Financial inclusion and carbon emissions in Asia: Implications for environmental sustainability71 cited
  • 2022Women on boards, firms’ competitive advantage and its effect on ESG disclosure in Malaysia54 cited
  • 2020Does Sukuk financing boost economic growth? Empirical evidence from Southeast Asia44 cited
  • 2015Modelling Technical Efficiency in Cross Sectionally Dependent Stochastic Frontier Panels41 cited
  • 2021Islamic finance and economic growth nexus: an empirical evidence from Southeast Asia using dynamic panel one-step system GMM analysis34 cited
  • 2019Trade liberalization and productivity of Indian manufacturing firms25 cited
  • 2020Income inequality and financialization: a not so straightforward relationship24 cited
  • 2019No one is alone: Strategic complementarities, capacity utilization, growth, and distribution22 cited
  • 2022The Influence of Institutional Quality on Human Development: Evidence from Developing Countries14 cited