Initial conditions and moment restrictions in dynamic panel data models
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The regression is implemented using the dynamic panel estimator by Blundell and Bond (1998), which controls for endogenous prices and serially correlated error terms.
“We implement this regression using the dynamic panel estimator by Blundell and Bond ( 1998 ) , which controls for endogenous prices and serially correlated error terms.”
From Industry Compensation under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme (2014) · cites this paper as Blundell and Bond 1998
The System GMM approach is particularly suitable for this study because it addresses key econometric challenges such as endogeneity, unobserved heterogeneity, and measurement errors.
“the System GMM approach, as developed by Arellano and Bover (1995) and Blundell and Bond (1998), is particularly suitable for this study because it addresses key econometric challenges such as endogeneity, unobserved heterogeneity, and measurement errors.”
From Remittance–economic growth linkage in Africa: the roles of financial development and inflation (2025) · cites this paper as Blundell and Bond (1998)
The system-GMM employs lags of the endogenous regressor as internal instruments to mitigate potential endogeneity issues.
“Furthermore, it employs the lags of the endogenous regressor as internal instruments to mitigate any potential endogeneity issues that may develop because of the introduction of the lag dependent variable as part of the regressors.”
From The impact of financial development on economic growth in sub-Saharan Africa. Does institutional quality matter? (2023) · cites this paper as Blundell and Bond (1998)
The system-GMM estimator can handle panel data with small time (T) and large cross-sectional units (N).
“First, the system-GMM estimator can handle panel data with small time (T) and large cross-sectional units (N), such as T = 18 and N = 29 in this study.”
From The impact of financial development on economic growth in sub-Saharan Africa. Does institutional quality matter? (2023) · cites this paper as Blundell and Bond (1998)
The paper uses a dynamic panel SYS-GMM estimator, which allows control for potential endogeneity problems.
“Secondly, as estimation strategy, we use a dynamic panel systemgeneralised method of moments (SYS-GMM) estimator, which allows us to control for potential endogeneity problems.”
From Finance-growth nexus in sub-Saharan Africa (2021) · cites this paper as Blundell & Bond 1998
The dynamic panel system GMM estimator was chosen to control country-specific effects, autocorrelation, and simultaneity bias.
“This estimator, requiring a large number of cross-section units and a small number of time periods, was chosen in order to control: (1) country-specific effects, (2) autocorrelation problems, due to the presence of the lagged dependent variable in the model, and (3) simultaneity bias, caused by potential endogeneity of some of the explanatory variables.”
From Finance-growth nexus in sub-Saharan Africa (2021) · cites this paper as Blundell & Bond 1998
Dynamic panel GMM models have been widely used to address the endogeneity issue that arises in the estimation of growth regressions using panel data.
“These models have been widely used to address the endogeneity issue that arises in the estimation of growth regressions using panel data. (Arellano, 1995); (Blundell, R., and S. Bond, 1998).”
From Financial development and economic growth in Sub-Saharan Africa using system GMM analysis (2026) · cites this paper as Blundell, R., and S. Bond, 1998
The GMM models account for biases caused by country-specific effects or the presence of initial GDP in the growth covariates.
“They also account for biases caused by country-specific effects or the presence of initial GDP in the growth covariates.”
From Financial development and economic growth in Sub-Saharan Africa using system GMM analysis (2026) · cites this paper as Blundell, R., and S. Bond, 1998
Cites
Arellano, M., & Bond, S. (1991) · The Review of Economic Studies · doi:10.2307/2297968 · Cited by 33,272 · see citing works
Self-citationAnother look at the instrumental variable estimation of error-components models
Arellano, M., & Bover, O. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01642-d · Cited by 19,880 · see citing works
Large Sample Properties of Generalized Method of Moments Estimators
Hansen, L. P. (1982) · Econometrica · doi:10.2307/1912775 · Cited by 13,467 · see citing works
Biases in dynamic models with fixed effects
Nickell, S. (1981) · Econometrica · doi:10.2307/1911408 · Cited by 8,735 · see citing works
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. H. (1997) · Econometrica · doi:10.2307/2171753 · Cited by 7,081 · see citing works
Estimating Vector Autoregressions with Panel Data
Holtz‐Eakin, D., Newey, W. K., & Rosen, H. S. (1988) · Econometrica · doi:10.2307/1913103 · Cited by 4,187 · see citing works
Estimation of Dynamic Models with Error Components
Anderson, T. W., & Hsiao, C. (1981) · Journal of the American Statistical Association · doi:10.1080/01621459.1981.10477691 · Cited by 2,386 · see citing works
Efficient estimation of models for dynamic panel data
AHN, S. C., & Schmidt, P. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01641-c · Cited by 1,062 · see citing works
Asymptotic efficiency in estimation with conditional moment restrictions
Chamberlain, G. (1987) · Journal of Econometrics · doi:10.1016/0304-4076(87)90015-7 · Cited by 793 · see citing works
Estimating Dynamic Random Effects Models from Panel Data Covering Short Time Periods
Bhargava, A., & Sargan, J. D. (1983) · Econometrica · doi:10.2307/1912110 · Cited by 418 · see citing works
Some Further Results on the Exact Small Sample Properties of the Instrumental Variable Estimator
Nelson, C. R., & Startz, R. (1990) · Econometrica · doi:10.2307/2938359 · Cited by 407 · see citing works
Estimation of Dynamic Models with Error Components
Anderson, T. W., & Hsiao, C. H. (1981) · Journal of the American Statistical Association · doi:10.2307/2287517 · Cited by 305 · see citing works
A note on autoregressive error components models
Sevestre, P., & Trognon, A. (1985) · Journal of Econometrics · doi:10.1016/0304-4076(85)90122-8 · Cited by 156 · see citing works
Bootstrap methods in econometrics: theory and numerical performance
Horowitz, J. L. (1997) · Cambridge University Press eBooks · doi:10.1017/cbo9781139051996.007 · Cited by 80 · see citing works
Prucha, I. R. (1984) · Econometrica · doi:10.2307/1911468 · Cited by 52 · see citing works
Initial conditions and efficient estimation in dynamic panel data models
Blundell, R. W., Smith, R., & University Coll., L. (. K. D. O. E. (1991) · OpenGrey (Institut de l'Information Scientifique et Technique) · Cited by 27 · see citing works
Self-citation
Flagged first, then by citations
Cited by
Sorted by citations
How to do Xtabond2: An Introduction to Difference and System GMM in Stata
Roodman, D. (2009) · The Stata Journal: Promoting communications on statistics and Stata · doi:10.1177/1536867x0900900106 · Cited by 9,848 · see citing works
A finite sample correction for the variance of linear efficient two-step GMM estimators
Windmeijer, F. A. G. (2004) · Journal of Econometrics · doi:10.1016/j.jeconom.2004.02.005 · Cited by 6,007 · see citing works
A Note on the Theme of Too Many Instruments *
Roodman, D. M. (2009) · Oxford Bulletin of Economics and Statistics · doi:10.1111/j.1468-0084.2008.00542.x · Cited by 5,678 · see citing works
Does corporate social responsibility affect the cost of capital?
El Ghoul, S., Guedhami, O., Kwok, C. C. Y., & Mishra, D. R. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2011.02.007 · Cited by 3,465 · see citing works
Endogeneity and the dynamics of internal corporate governance
Wintoki, M. B., Linck, J. S., & Netter, J. M. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2012.03.005 · Cited by 3,023 · see citing works
Dollar, D. R., & Kraay, A. (2001) · Journal of Economic Growth · doi:10.1023/a:1020139631000 · Cited by 2,728 · see citing works
How to do Xtabond2: An Introduction to Difference and System GMM in StataPreprint
Roodman, D. M. (2007) · SSRN Electronic Journal · doi:10.2139/ssrn.982943 · Cited by 2,642 · see citing works
Endogeneity in Empirical Corporate Finance1
Roberts, M. R., & Whited, T. M. (2013) · Handbook of the Economics of Finance · doi:10.1016/b978-0-44-453594-8.00007-0 · Cited by 2,459 · see citing works
Measuring and Explaining Management Practices Across Firms and Countries
Bloom, N., & Van Reenen, J. (2007) · The Quarterly Journal of Economics · doi:10.1162/qjec.2007.122.4.1351 · Cited by 2,373 · see citing works
Identification Properties of Recent Production Function Estimators
Ackerberg, D. A., Caves, K. W., & Frazer, G. (2015) · Econometrica · doi:10.3982/ecta13408 · Cited by 2,229 · see citing works
Arellano, M. (2003) · doi:10.1093/0199245282.001.0001 · Cited by 2,104 · see citing works
Stock markets, banks, and growth: Panel evidence
Beck, T., & Levine, R. (2004) · Journal of Banking & Finance · doi:10.1016/s0378-4266(02)00408-9 · Cited by 2,067 · see citing works
Dollar, D. R., & Kraay, A. (2004) · The Economic Journal · doi:10.1111/j.0013-0133.2004.00186.x · Cited by 1,974 · see citing works
Inequality and Economic Growth: The Perspective of the New Growth Theories
Aghion, P., Caroli, E., & García-Peñalosa, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.4.1615 · Cited by 1,848 · see citing works
Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom
Brown, J. R., Fazzari, S. M., & Petersen, B. C. (2009) · The Journal of Finance · doi:10.1111/j.1540-6261.2008.01431.x · Cited by 1,819 · see citing works
The Real Exchange Rate and Economic Growth
Rodrik, D. (2008) · Brookings Papers on Economic Activity · doi:10.1353/eca.0.0020 · Cited by 1,812 · see citing works
Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure
Lemmon, M. L., Roberts, M. R., & Zender, J. F. (2008) · The Journal of Finance · doi:10.1111/j.1540-6261.2008.01369.x · Cited by 1,768 · see citing works
Wooldridge, J. M. (2005) · Journal of Applied Econometrics · doi:10.1002/jae.770 · Cited by 1,764 · see citing works
Identifying Technology Spillovers and Product Market Rivalry
Bloom, N., Schankerman, M. A., & Reenen, J. M. V. (2013) · Econometrica · doi:10.3982/ecta9466 · Cited by 1,742 · see citing works
GMM estimation with persistent panel data: an application to production functions
Blundell, R. W., & Bond, S. R. (1999) · Working paper series - Institute for Fiscal Studies/Working papers · doi:10.1920/wp.ifs.1999.9904 · Cited by 1,671 · see citing works
Self-citationAcemoğlu, D., Naidu, S., Restrepo, P., & Robinson, J. A. (2018) · Journal of Political Economy · doi:10.1086/700936 · Cited by 1,652 · see citing works
GMM Estimation with persistent panel data: an application to production functions
Blundell, R. W., & Bond, S. R. (2000) · Econometric Reviews · doi:10.1080/07474930008800475 · Cited by 1,623 · see citing works
Self-citationComputing Productivity: Firm-Level Evidence
Brynjolfsson, E., & Hitt, L. M. (2003) · The Review of Economics and Statistics · doi:10.1162/003465303772815736 · Cited by 1,620 · see citing works
The impact of financial development on energy consumption in emerging economies
Sadorsky, P. (2010) · Energy Policy · doi:10.1016/j.enpol.2009.12.048 · Cited by 1,556 · see citing works
Measuring and Explaining Management Practices Across Firms and Countries
Bloom, N., & Reenen, J. M. V. (2006) · National Bureau of Economic Research · doi:10.3386/w12216 · Cited by 1,474 · see citing works
Estimating dynamic panel data models: a guide for macroeconomists
Judson, R. A., & Owen, A. L. (1999) · Economics Letters · doi:10.1016/s0165-1765(99)00130-5 · Cited by 2,171 · see citing works
Markups and Firm-Level Export Status
Loecker, J. D., & Frederic Warzynski, C. (2012) · American Economic Review · doi:10.1257/aer.102.6.2437 · Cited by 1,420 · see citing works
Testing for Cross-Sectional Dependence in Panel-Data Models
Hoyos, R. E. D., & Sarafidis, V. (2006) · The Stata Journal Promoting communications on statistics and Stata · doi:10.1177/1536867x0600600403 · Cited by 1,405 · see citing works
Louzis, D. P., Vouldis, A. T., & Metaxas, V. L. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2011.10.012 · Cited by 1,382 · see citing works
Institutions, trade, and growth
Dollar, D. R., & Kraay, A. (2003) · Journal of Monetary Economics · doi:10.1016/s0304-3932(02)00206-4 · Cited by 1,315 · see citing works
Growth and human capital: good data, good results
Cohen, D., & Soto, M. (2007) · Journal of Economic Growth · doi:10.1007/s10887-007-9011-5 · Cited by 1,283 · see citing works
Remittances, financial development, and growth
Giuliano, P., & Ruiz-Arranz, M. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2008.10.005 · Cited by 1,255 · see citing works
Tamazian, A., & Rao, B. B. (2009) · Energy Economics · doi:10.1016/j.eneco.2009.04.004 · Cited by 1,207 · see citing works
What are the determinants of the location of foreign direct investment? The Chinese experience
Cheng, L. K.-H., & Kwan, Y. K. (2000) · Journal of International Economics · doi:10.1016/s0022-1996(99)00032-x · Cited by 1,164 · see citing works
Fajnzylber, P. R., Lederman, D., & Loayza, N. (2002) · The Journal of Law and Economics · doi:10.1086/338347 · Cited by 1,152 · see citing works
Aid and Growth: What Does the Cross-Country Evidence Really Show?
Rajan, R. G., & Subramanian, A. (2008) · The Review of Economics and Statistics · doi:10.1162/rest.90.4.643 · Cited by 1,139 · see citing works
Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings
Greenstone, M., Hornbeck, R., & Moretti, E. (2010) · Journal of Political Economy · doi:10.1086/653714 · Cited by 1,138 · see citing works
Arcand, J. L., Berkes, E., & Panizza, U. (2015) · Journal of Economic Growth · doi:10.1007/s10887-015-9115-2 · Cited by 1,136 · see citing works
Finance and Misallocation: Evidence from Plant-Level Data
Midrigan, V., & Xu, D. Y. (2014) · American Economic Review · doi:10.1257/aer.104.2.422 · Cited by 1,117 · see citing works
Dealing with endogeneity bias: the generalized method of moments (GMM) for panel data
Ullah, S., Akhtar, P., & Zaefarian, G. (2018) · Industrial Marketing Management · doi:10.1016/j.indmarman.2017.11.010 · Cited by 1,101 · see citing works
ESG disclosure and financial performance: Moderating role of ESG investors
Chen, Z., & Xie, G. (2022) · International Review of Financial Analysis · doi:10.1016/j.irfa.2022.102291 · Cited by 1,094 · see citing works
Exporting raises productivity in sub-Saharan African manufacturing firms
Van Biesebroeck, J. (2005) · Journal of International Economics · doi:10.1016/j.jinteco.2004.12.002 · Cited by 1,078 · see citing works
The Effects of Infrastructure Development on Growth and Income Distribution
Calderón, C. A., & Servén, L. (2004) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-3400 · Cited by 1,057 · see citing works
Estimation of Panel Vector Autoregression in Stata
Abrigo, M. R. M., & Love, I. (2016) · The Stata Journal Promoting communications on statistics and Stata · doi:10.1177/1536867x1601600314 · Cited by 1,038 · see citing works
Americans Do IT Better: US Multinationals and the Productivity Miracle
Bloom, N., Sadun, R., & Reenen, J. V. (2012) · American Economic Review · doi:10.1257/aer.102.1.167 · Cited by 1,028 · see citing works
The impact of urbanization on CO2 emissions: Evidence from developing countries
Martínez‐Zarzoso, I., & Maruotti, A. (2011) · Ecological Economics · doi:10.1016/j.ecolecon.2011.02.009 · Cited by 1,021 · see citing works
Deriving the Pricing Power of Product Features by Mining Consumer Reviews
Archak, N., Ghose, A., & Ipeirotis, P. G. (2011) · Management Science · doi:10.1287/mnsc.1110.1370 · Cited by 997 · see citing works
How Does Political Instability Affect Economic Growth?
Aisen, A., & Veiga, F. J. (2011) · European Journal of Political Economy · doi:10.1016/j.ejpoleco.2012.11.001 · Cited by 985 · see citing works
Durlauf, S. N., Johnson, P. A., & Temple, J. R. W. (2005) · Elsevier eBooks · doi:10.1016/s1574-0684(05)01008-7 · Cited by 979 · see citing works
Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say?
Stiroh, K. J. (2002) · American Economic Review · doi:10.1257/000282802762024638 · Cited by 960 · see citing works
Political budget cycles: Do they differ across countries and why?
Shi, M., & Svensson, J. (2006) · Journal of Public Economics · doi:10.1016/j.jpubeco.2005.09.009 · Cited by 952 · see citing works
On the Empirics of Foreign Aid and Growth
Dalgaard, C., Hansen, H., & Tarp, F. (2004) · The Economic Journal · doi:10.1111/j.1468-0297.2004.00219.x · Cited by 952 · see citing works
Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry
Acemoğlu, D., & Linn, J. (2004) · The Quarterly Journal of Economics · doi:10.1162/0033553041502144 · Cited by 941 · see citing works
Trends in Income Inequality and its Impact on Economic Growth
Cingano, F. (2014) · OECD social employment and migration working papers · doi:10.1787/5jxrjncwxv6j-en · Cited by 913 · see citing works
Exploration, exploitation, and financial performance: analysis of S&P 500 corporations
Uotila, J., MAULA, M. V. J., Keil, T. J., & Zahra, S. A. (2008) · Strategic Management Journal · doi:10.1002/smj.738 · Cited by 905 · see citing works
Exchange rate volatility and productivity growth: The role of financial development
Aghion, P., Bacchetta, P., Rancière, R. G., & Rogoff, K. (2009) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2009.03.015 · Cited by 905 · see citing works
Testing Theories of Capital Structure and Estimating the Speed of Adjustment
Huang, R., & Ritter, J. R. (2009) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109009090152 · Cited by 901 · see citing works
The Determinants of Capital Structure: Capital Market-Oriented versus Bank-Oriented Institutions
Antoniou, A., Gűney, Y., & Paudyal, K. (2008) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109000002751 · Cited by 900 · see citing works
Wu, H., Hao, Y., & Ren, S. (2020) · Energy Economics · doi:10.1016/j.eneco.2020.104880 · Cited by 887 · see citing works
Lagged Explanatory Variables and the Estimation of Causal Effect
Bellemare, M. F., Masaki, T., & Pepinsky, T. B. (2017) · The Journal of Politics · doi:10.1086/690946 · Cited by 879 · see citing works
Economic growth, CO2 emissions and energy consumption: What causes what and where?
Acheampong, A. O. (2018) · Energy Economics · doi:10.1016/j.eneco.2018.07.022 · Cited by 873 · see citing works
Frees, E. W. (2004) · Cambridge University Press eBooks · doi:10.1017/cbo9780511790928 · Cited by 872 · see citing works
Financial development and energy consumption in Central and Eastern European frontier economies
Sadorsky, P. (2010) · Energy Policy · doi:10.1016/j.enpol.2010.11.034 · Cited by 868 · see citing works
Can environmental innovation facilitate carbon emissions reduction? Evidence from China
Zhang, Y., Peng, Y.-L., Ma, C., & Shen, B. (2016) · Energy Policy · doi:10.1016/j.enpol.2016.10.005 · Cited by 866 · see citing works
Hidden Connections: The Link Between Board Gender Diversity and Corporate Social Performance
Boulouta, I. (2012) · Journal of Business Ethics · doi:10.1007/s10551-012-1293-7 · Cited by 858 · see citing works
Does Corporate Social Responsibility Affect Information Asymmetry?
Cui, J., Jo, H., & Na, H. (2016) · Journal of Business Ethics · doi:10.1007/s10551-015-3003-8 · Cited by 852 · see citing works
Burtch, G., Ghose, A., & Wattal, S. (2013) · Information Systems Research · doi:10.1287/isre.1120.0468 · Cited by 847 · see citing works
Irfan, M. F., Razzaq, A., Sharif, A., & Yang, X. (2022) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2022.121882 · Cited by 845 · see citing works
The (evolving) role of agriculture in poverty reduction—An empirical perspective
Christiaensen, L., Demery, L. F., & Kühl, J. (2010) · Journal of Development Economics · doi:10.1016/j.jdeveco.2010.10.006 · Cited by 844 · see citing works
Do financing constraints matter for R&D?
Brown, J. R., Martinsson, G., & Petersen, B. C. (2012) · European Economic Review · doi:10.1016/j.euroecorev.2012.07.007 · Cited by 843 · see citing works
Strong boards, CEO power and bank risk-taking
Pathan, S. (2009) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2009.02.001 · Cited by 1,031 · see citing works
The Effect of File Sharing on Record Sales: An Empirical Analysis
Oberholzer‐Gee, F., & Strumpf, K. (2007) · Journal of Political Economy · doi:10.1086/511995 · Cited by 831 · see citing works
Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms
Yu, M. (2014) · The Economic Journal · doi:10.1111/ecoj.12127 · Cited by 830 · see citing works
Estimating dynamic panel models in corporate finance
Flannery, M. J., & Hankins, K. W. (2012) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2012.09.004 · Cited by 828 · see citing works
Women on Board: Does Boardroom Gender Diversity Really Affect Firm Risk?
Sila, V., Gonzalez, A., & Hagendorff, J. (2014) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2015.10.003 · Cited by 819 · see citing works
Does too much finance harm economic growth?
Law, S. H., & Singh, N. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.020 · Cited by 789 · see citing works
Lv, C., Shao, C., & Lee, C. (2021) · Energy Economics · doi:10.1016/j.eneco.2021.105237 · Cited by 789 · see citing works
Hill, A., Johnson, S. G., Greco, L., O’Boyle, E. H., & Walter, S. L. (2020) · Journal of Management · doi:10.1177/0149206320960533 · Cited by 787 · see citing works
Do R&D tax credits work? Evidence from a panel of countries 1979–1997
Bloom, N., Griffith, R., & Reenen, J. M. V. (2002) · Journal of Public Economics · doi:10.1016/s0047-2727(01)00086-x · Cited by 782 · see citing works
Does one size fit all?: a reexamination of the finance and growth relationship
Rioja, F. K., & Valev, N. T. (2004) · Journal of Development Economics · doi:10.1016/j.jdeveco.2003.06.006 · Cited by 778 · see citing works
The Effect of Immigration along the Distribution of Wages
Dustmann, C., Frattini, T., & Preston, I. P. (2012) · The Review of Economic Studies · doi:10.1093/restud/rds019 · Cited by 775 · see citing works
Export Diversification: What's behind the Hump?
Cadot, O., Carrère, C., & Strauss‐Kahn, V. (2010) · The Review of Economics and Statistics · doi:10.1162/rest_a_00078 · Cited by 772 · see citing works
Digitalization and economic growth: A comparative analysis of Sub-Saharan Africa and OECD economies
Myovella, G. A., Karaçuka, M., & Haucap, J. (2019) · Telecommunications Policy · doi:10.1016/j.telpol.2019.101856 · Cited by 772 · see citing works
Corporate Investment and Stock Market Listing: A Puzzle?
Asker, J. W., Farre-Mensa, J., & Ljungqvist, A. P. (2014) · Review of Financial Studies · doi:10.1093/rfs/hhu077 · Cited by 770 · see citing works
Bhattacharya, M., Churchill, S. A., & Paramati, S. R. (2017) · Renewable Energy · doi:10.1016/j.renene.2017.03.102 · Cited by 756 · see citing works
Natural Disasters and Growth: Going Beyond the Averages
Loayza, N., Olaberría, E., Rigolini, J., & Christiaensen, L. (2012) · World Development · doi:10.1016/j.worlddev.2012.03.002 · Cited by 753 · see citing works
The Determinants of Bank Capital Structure
Gropp, R., & Heider, F. (2010) · European Finance Review · doi:10.1093/rof/rfp030 · Cited by 728 · see citing works
Cash holdings and R&D smoothing
Brown, J. R., & Petersen, B. C. (2010) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2010.01.003 · Cited by 720 · see citing works
Shahbaz, M. Q., Wang, J., Dong, K. Y., & Zhao, J. (2022) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2022.112620 · Cited by 707 · see citing works
Dynamic panels with threshold effect and endogeneity
Seo, M. H., & Shin, Y. (2016) · Journal of Econometrics · doi:10.1016/j.jeconom.2016.03.005 · Cited by 698 · see citing works
Does the use of imported intermediates increase productivity? Plant-level evidence
Kasahara, H., & Rodrigue, J. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2007.12.008 · Cited by 698 · see citing works
Ψ, J. H. (2006) · Ecological Economics · doi:10.1016/j.ecolecon.2005.12.008 · Cited by 698 · see citing works
Openness can be good for growth: The role of policy complementarities
Chang, R., Kaltani, L., & Loayza, N. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2008.06.011 · Cited by 698 · see citing works
Efficiency and risk in European banking
Fiordelisi, F., Marqués-Ibáñez, D., & Molyneux, P. (2010) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2010.10.005 · Cited by 697 · see citing works
Estimation and Inference in Dynamic Unbalanced Panel-data Models with a Small Number of Individuals
Bruno, G. S. F. (2005) · The Stata Journal Promoting communications on statistics and Stata · doi:10.1177/1536867x0500500401 · Cited by 692 · see citing works
Djankov, S., Montalvo, J. G., & Reynal‐Querol, M. (2008) · Journal of Economic Growth · doi:10.1007/s10887-008-9032-8 · Cited by 690 · see citing works
Why does democracy need education?
Glaeser, E. L., Ponzetto, G. A. M., & Shleifer, A. (2007) · Journal of Economic Growth · doi:10.1007/s10887-007-9015-1 · Cited by 690 · see citing works
Ren, S., Li, X., Yuan, B., Li, D., & Chen, X. (2016) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2016.08.113 · Cited by 690 · see citing works
The role of transport infrastructure in international tourism development: A gravity model approach
Khadaroo, J., & Seetanah, B. (2007) · Tourism Management · doi:10.1016/j.tourman.2007.09.005 · Cited by 675 · see citing works
Huang, B., Hwang, M. J., & Yang, C. (2008) · Ecological Economics · doi:10.1016/j.ecolecon.2007.11.006 · Cited by 673 · see citing works
- Authors
- Blundell, R., & Bond, S.
- Affiliations
- Institute for Fiscal Studies (GB)
- Corresponding author
- Blundell, Richard
- Venue
- Journal of Econometrics
- Publisher
- Elsevier BV
- Published
- 1998-11
- Volume
- 87
- Issue
- 1
- Pages
- 115-143
- ISSN
- 0304-4076 (ISSN-L)
- OpenAlex
- W3121403162
- Cited by
- 22,571
- References
- 15
- Citations by year
- 2026: 2132 · 2025: 1885 · 2024: 1846 · 2023: 1912 · 2022: 1809 · 2021: 1742 · 2020: 1464 · 2019: 1283 · 2018: 1103 · 2017: 1080 · 2016: 967 · 2015: 851 · 2014: 742 · 2013: 632 · 2012: 650
- FWCI
- 52.16
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Econometrics (publishedVersion)
- Repository of Digital Objects for Teaching Research and Culture (University of Valencia) (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Spatial and Panel Data Analysis
- Physical Sciences › Mathematics › Statistics and Probability › Statistical Methods and Bayesian Inference
- Physical Sciences › Mathematics › Statistics and Probability › Advanced Causal Inference Techniques
- Keywords
- dynamic panel data, initial conditions, moment constraints, linear estimators, asymptotic efficiency, AR(1) model
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
