This article presents an empirical investigation of factors influencing local renewable energy (RE) deployment. The existing literature has mainly focused on the global contribution RE at macro-country level. particularity this study resides in extension analysis to level, and it was motivated by fact that targets for deployment are partly defined national but establishment means production org...

We complement existing inferential theory for panel factor models by deriving the asymptotics for the …rst di¤erences of the estimated factors and common components obtained from a non-stationary panel factor model. As an application, we propose an estimator for the long run variance of the common components. JEL Classi…cation: C13, C23. Keywords: Non-stationary panels, common factors, common c...

Most econometric methods for testing the proposition of long-run monetary neutrality rely on the assumption that money and real output do not cointegrate. This paper argues that these results can be attributed in part to the low power of univariate tests, and that a violation of the noncointegration assumption is likely to result in a nonrejection of the neutrality proposition. To alleviate thi...

Numerous studies have addressed the question of the econometric specification of the Environmental Kuznets Curve (EKC). This paper adds preliminary results on nonstationarity and its effect on functional form using a panel data set for the U.S. by state from 1929 to 1994. It is found that unit-root tests strongly support a unit root in pollutants (sulfur dioxide and nitrogen oxide) and income w...

The paper considers panel data methods for estimating ordered logit models with individual-specific correlated unobserved heterogeneity. We show that a popular approach is inconsistent, whereas some consistent and efficient estimators are available, including minimum distance and generalized method-of-moment estimators. A Monte Carlo study reveals the good properties of an alternative estimator...

This paper applies the recently developed econometric methods of panel unit root tests and non-linear mean-reversion to investigate price convergence in China --the largest transitional economy in the world. We find that prices did converge to the law of one price in China for an overwhelming majority of goods and services based on a large panel dataset. The finding sheds light on the extent of...

The logistics and manufacturing industries’ co-agglomeration (LMCA) deep integration, as well the digital transformation intelligent upgrading, are of great significance to enhance regional economic resilience (EcoResi). This paper establishes a theoretical framework for LMCA EcoResi based on development theory new geography theory, explores spatial spillover effect EcoResi, measures levels Eco...