This paper studies the behaviour of the bias corrected LSDV estimator and GMM-based estimators in dynamic panel data models with endogenous regressors. We obtain an expansion of the conditional bias of the LSDV estimator with the leading term coinciding with the one in the expansion from...

We re-examine the labor donation theory of not-for-profits and show that these organizations may exist notnecessarily because motivated workers prefer to work in them, or that they dominate for-profits in terms ofwelfare, but because the excess supply of motivated workers makes the non-profit...

In this paper we propose a likelihood ratio test for a change in persistence of a time series. We consider the null hypothesis of a constant persistence I(1) and an alternative in which the series changes from a stationary regime to a unit root regime and vice versa. Both known and unknown break...

Task statement: This article is an attempt to study the issues of quality management of business processes and production with respect to companies operating in the agricultural sector. The global agribusiness is a special sphere of production, which is aimed at meeting the most important...

Setting the objective: this article is aimed at examining theoretical topical issues related to modeling innovation development within the setting of the “knowledge economy”. Our new understanding of the role of three crucial institutional entities (the state, business, and science) leads us...

The objective of this article is to develop a common methodological concept of creating the Balanced Scorecard (BSC) and the determination of a set of key performance indicators for manufacturing type companies. Authors came up with the following conclusions. - Efficient business management...

Recent approaches in unit root testing have taken into account the influences of initial condition, trend, and breaks in data using pre-testing and union of rejection testing strategies based on obtained information. This paper proposes an extension of the Harvey et al. (2012b) approach to...

In this paper an overview of methods for the analysis of structural VAR models is provided. The fundamental properties of SVAR models, the estimated parameters, as well as various methods of identifying shocks and principles of constructing confidence intervals for impulse responses are...

This preprint reviews several statistical tests for (out-of-sample) forecast evaluation. In particular, it contains formulations and discussions of assumptions underlying these tests. Moreover, the preprint extends the applicability of the prediction accuracy tests of Giacomini and White (2006)...

The paper "Social Status of People with Disabilities in the Russian Federation with Accounting of the Convention on the Rights of Disabled Persons" is devoted to identifying the most appropriate instruments for the study of social status of the disabled persons. In developing of the theme of the...