Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence

By Daniel Hoechle. 2007

2,954 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0d563b20f3c5c8ac3ca4dba6de83e177a4c9ab60

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In Economics and Econometrics

Citations in the corpus

Various Versatile Variances: An Object-Oriented Implementation of Clustered Covariances in R (2020, methodology): “An alternative implementation for the latter is available in the contributed Stata module xtscc (Hoechle 2007).”
Spatial Panel-data Models Using Stata (2017, methodology): “As for the Driscoll-Kraay standard errors, the xsmle implementation is based on Hoechle (2007)’s xtscc command.”
The belt and road initiative, cultural friction and ethnicity: Their effects on the export performance of SMEs in China (2019, methodology): “2 We further adopted a clustered sandwich estimator technique clustering on the firms in all of the models to account for any potential serial correlation and heteroskedasticity (Hoechle, 2007).”
Greenwash vs. Brownwash: Exaggeration and Undue Modesty in Corporate Sustainability Disclosure (2015, background): “, autocorrelation and heteroskedasticity (Hoechle, 2007; Driscoll and Kraay, 1998).”
Do FinTech trigger renewable energy use? Evidence from OECD countries (2021, methodology): “These errors are “ heteroskedasticity-and autocorrelation-consistent and are robust to general forms of cross-sectional and temporal dependence ” [67].”
The Volatility of Capital Flows in Emerging Markets: Measures and Determinants (2017, methodology): “32 To do so, we used the command in Stata (see Hoechle (2007)). 33 In the former case, we use the Durbin-Wu-Hausman test, while in the latter we perform the test for weak crosssectional dependence proposed by Pesaran (2015).”
Do EU structural funds promote regional growth? New evidence from various panel data approaches☆ (2010, methodology): “Thus, we estimate standard errors employing a non- parametric covariance matrix estimation procedure as proposed by Driscoll and Kraay (1998) (for a recent discussion, see Hoechle, 2007).”
The Impact of Disasters on Inflation (2017, positive): “The estimation using Driscoll and Kraay (1998) adjusted standard errors is implemented using the xtscc command developed by Hoechle (2007).”