1 Correction to: Empirical Economics https://doi.org/10.1007/s00181-021-02188-z

In the original publication of the article, the sentence in the abstract “proposed by (Chudik et al. in: Hill, Gonzalez-Rivera, Lee (eds) Advances in econometrics volume 36 essays in honour of Aman Ullah, Emerald Publishing, pp 85–135, 2016),” is removed.

The original article has been corrected.