Seminar 2024-12-11: Simon Reese
- Date: 11 December 2024, 10:15–11:30
- Location: Ekonomikum, Room H317
- Type: Seminar
- Lecturer: Simon Reese, Department of Economics, Lund University
- Organiser: Department of Statistics
Talare Simon Reese, Nationalekonomiska institutionen vid Lunds Universitet
Titel 5 Lessons for Applied Researchers from the Decades of Common Correlated Effects Estimation
Abstract This article distills the substantial literature on Common Correlated Effects (CCE), initiated by the seminal contribution of Pesaran (2006) into five practical lessons. We provide a concise overview of the CCE framework and describe the reasons for its popularity in empirical (macro-) panel data research. The lessons that we draw about the CCE methodology concern aspects that have been long overlooked and potentially misunderstood.