Credit-to-GDP ratio

Credit-to-GDP ratio latest publications

May 23, 2016

Long and short-run components in explanatory variables and different panel-data estimates

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.