Search Results - subject:"dynamic panel."

Do labour taxes (and their composition) affect wages in the short and the long run? - Alfonso Arpaia and Giuseppe Carone

Arpaia, Alfonso; Carone, Giuseppe - Directorate-General Economic and Financial Affairs, … - 2004

employment performance than decentralised ones. We apply static and dynamic panel data techniques to a panel of EU countries. Our …

Persistent link: https://www.econbiz.de/10008509959

Separating Moral Hazard from Adverse Selection in Automobile Insurance: Longitudinal Evidence from France

Dionne, Georges; Michaud, Pierre-Carl; Dahchour, Maki - Centre Interuniversitaire sur le Risque, les Politiques … - 2004

hazard which we distinguish from adverse selection using a multivariate dynamic panel data model. Experience rating appears …

Persistent link: https://www.econbiz.de/10005696321

Bias in Dynamic Panel Estimation with Fixed Effects, Incidental Trends and Cross Section Dependence

Phillips, Peter C.B.; Sul, Donggyu - School of Management, Yale University - 2004

Explicit asymptotic bias formulae are given for dynamic panel regression estimators as the cross section sample size N … there is cross section error dependence, the probability limit of the dynamic panel regression estimator is a random … variable rather than a constant, which helps to explain the substantial variability observed in dynamic panel estimates when …

Persistent link: https://www.econbiz.de/10005147049

Estimating Cointegrating Relations from a Cross Section

Madsen, Edith - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2004

This paper specifies a regression model describing cointegrating relations between variables at the individual level. The models considered allow for homogeneous cointegration and heterogeneous cointegration. In both cases correlation between the regressors and the regression error can occur...

Persistent link: https://www.econbiz.de/10005225419

Detecting Neglected Nonlinearity in Dynamic Panel Data with Time-Varying Conditional Heteroskedasticity

Kao, Chihwa; Hong, Yongmiao - Econometric Society - 2004

A new class of specification tests is proposed to detect for neglected nonlinearity and dynamic misspecification in panel models. The tests can detect a wide range of model misspecifications while being robust to conditional heteroskedasticity and higher order time-varying moments of unknown...

Persistent link: https://www.econbiz.de/10005342292

New evidence of the impact of capital account liberalization on economic growth

Santana, José Ricardo; Garcia, Fernando - Econometric Society - 2004

This article analyzes the effects of financial liberalization on economic growth, focusing mainly the empirical aspects of this line of research. The text aims to answer fundamental questions put forward by recent literature: What effects has capital account liberalization had on economic...

Persistent link: https://www.econbiz.de/10005170254

A Bayesian Approach to Model Uncertainty

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2004

This paper develops the theoretical background for the Limited Information Bayesian Model Averaging (LIBMA). The proposed approach accounts for model uncertainty by averaging over all possible combinations of predictors when making inferences about the variables of interest, and it...

Persistent link: https://www.econbiz.de/10005264140

A REASSESSMENT OF THE RELATIONSHIP BETWEEN INEQUALITY AND GROWTH: WHAT HUMAN CAPITAL INEQUALITY DATA SAY?

Castelló-Climent, Amparo - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

This paper studies the empirical relationship between inequality and economic growth. It estimates a dynamic panel data …

Persistent link: https://www.econbiz.de/10005212547

HABIT FORMATION AND PRECAUTIONARY SAVING: EVIDENCE FROM THE KOREAN HOUSEHOLD PANEL STUDIES

Rhee, Wooheon - In: Journal of Economic Development 29 (2004) 2, pp. 1-19

. Employing the dynamic panel data estimation method, we found that the estimates of parameters corresponding to the degree of …

Persistent link: https://www.econbiz.de/10009351196

The choice of exchange rate regimes in developing countries: A mulitnominal panal analysis

von Hagen, Jürgen; Zhou, Jizhong - Zentrum für Europäische Integrationsforschung (ZEI), … - 2004

This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinominal panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises...

Persistent link: https://www.econbiz.de/10008614802