Showing 1 - 10 of 37
Gender differences in outcomes are often explained by gender differences in competitiveness. Using evidence from the outdoor World Championships and Olympics 1,500 meter event, this paper investigates whether gender differences exist in the behavior of runners. Results indicate that there are...
Persistent link: https://www.econbiz.de/10010959058
In this article, we provide a test of long-run monetary neutrality employing cointegration and vector error-correction modelling methodology. Using quarterly data for the United States, we estimate the long-run relationships among money supply and output and other key macroeconomic variables....
Persistent link: https://www.econbiz.de/10004967038
This paper uses historical data from the United States to investigate the relationship between unemployment and labor force participation. Cointegration analysis supports a long-run relationship between these two variables, which leads us to question the empirical relevance of the unemployment...
Persistent link: https://www.econbiz.de/10009218897
Persistent link: https://www.econbiz.de/10011457291
Persistent link: https://www.econbiz.de/10012129830
Persistent link: https://www.econbiz.de/10012082853
This paper proposes a residual-based Lagrange Multiplier (LM) test for the null of cointegration in panel data. The test is analogous to the locally best unbiased invariant (LBUI) for a moving average (MA) unit root. The asymptotic distribution of the test is derived under the null. Monte Carlo...
Persistent link: https://www.econbiz.de/10005476052
Building upon the work of Chen et al. (2010), this paper proposes a test for sphericity of the variance–covariance matrix in a fixed effects panel data regression model without the normality assumption on the disturbances.
Persistent link: https://www.econbiz.de/10011189352
<title>Abstract</title> This paper considers the estimation of a linear regression involving the spatial autoregressive (SAR) error term which is nearly nonstationary. The asymptotics properties of the ordinary least squares (OLS), true generalized least squares (GLS) and feasible generalized least squares...
Persistent link: https://www.econbiz.de/10010974011
It is well known that the standard Breusch and Pagan (1980) LM test for cross-equation correlation in a SUR model is not appropriate for testing cross-sectional dependence in panel data models when the number of cross-sectional units (n) is large and the number of time periods (T) is small. In...
Persistent link: https://www.econbiz.de/10011052261