Published on Monday, May 23, 2016 | Updated on Tuesday, April 16, 2019
Document number 16/10
Long and short-run components in explanatory variables and different panel-data estimates
Summary
We investigate the idea that when we separate an explanatory variable into its “between” and “within” variations we could be roughly decomposing it into a structural (long-term) and a cyclical component respectively, and this could translate into different Between and Within estimates in panel data.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Macroeconomic Analysis
Documents and files
Authors
AU
Alfonso Ugarte
BBVA Research - Principal Economist