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General Method of Moments (GMM) estimation of a linear one-equation model using panel data with errors-in-variables is …
Persistent link: https://www.econbiz.de/10004980817
We consider testing for long-run homogeneity within a dynamic consumer demand system allowing for non-stationarities. The static long-run solution is assumed to follow the Linear Almost Ideal Demand System and we test for long-run homogeneity within this system utilizing a triangular...
Persistent link: https://www.econbiz.de/10004980567
Previous empirical evidence indicates that uncovered interest rate parity (UIP) does not hold for target zone exchange rates, like those in the European Monetary System and in the Nordic countries. We explore a target zone model where the market inferes the probability of a realignment of the...
Persistent link: https://www.econbiz.de/10004980870
The growing interest in cross-national comparisons of income inequality is primarily a result of the establishment of the Luxembourg Income Study (LIS) database and the wide range of studies on income inequality based on LIS data. These studies suffer, however, from a major weakness since...
Persistent link: https://www.econbiz.de/10004980888
While little attention has been paid to the role of profitability in the empirical literature on firm exit, we employ a detailed recently established database of Norwegian manufacturing firms to identify the extent to which profitability explains a firm's exit behavior. Some key characteristics...
Persistent link: https://www.econbiz.de/10010678284
effects of R&D using a comprehensive panel of Norwegian firms over the period 2001-2009. The results suggest that the returns …
Persistent link: https://www.econbiz.de/10010699688
We construct linked register data on five Norwegian birth cohorts, covering: criminal charges after age 15; family characteristics and history up to age 15; and (for males) IQ test scores. A longitudinal analysis of the risk of initiation into crime in early adulthood suggests an increased risk for...
Persistent link: https://www.econbiz.de/10009493370
We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage in Bertrand (price) competition. Firms produce heterogeneous products, using labor,...
Persistent link: https://www.econbiz.de/10004980532
model is estimated by pseudo likelihood methods using panel data from the Norwegian Manufacturing Statistics. The …
Persistent link: https://www.econbiz.de/10004980534
The paper presents a panel data analysis of tobacco demand. The purpose is threefold: (i) to measure income, own … sociodemographic effects, and (iii) to utilize the potential offered by panel data to investigate unobserved heterogeneity. The latter … and non-linear specifications of a two-equation system are estimated, using an unbalanced panel data set of Norwegian …
Persistent link: https://www.econbiz.de/10004980562