Showing 1 - 10 of 142
This paper analyzes the effect of educational mismatch on wages, using a rich panel dataset of workers in the major …
Persistent link: https://www.econbiz.de/10009687794
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows the identification of the real exchange rates that are …
Persistent link: https://www.econbiz.de/10003740322
behaviour. We employ panel estimation method with a pooled mean group estimator. The results do confirm the thesis that foreign …
Persistent link: https://www.econbiz.de/10011702752
This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial … section dimensions of the panel are large. It derives the asymptotic covariance matrix of the QML estimators allowing for the … sample properties for panels with moderate time dimensions and irrespective of the number of cross section units in the panel …
Persistent link: https://www.econbiz.de/10011283005
The bivariate probit model is frequently used for estimating the effect of an endogenous binary regressor on a binary outcome variable. This paper discusses simple modifications that maintain the probit assumption for the marginal distributions while introducing non-normal dependence among the...
Persistent link: https://www.econbiz.de/10003900958
econometric models. A flexible multiple-index ordered probit panel data model with varying thresholds can identify response … asymmetries in single-item measures of subjective well-being. An application to data from the German Socio-Economic Panel for 1984 …
Persistent link: https://www.econbiz.de/10003354431
Durbin Model in a panel context, thus including fixed effects in order to eliminate any time influence on variables as well …
Persistent link: https://www.econbiz.de/10012306744
Persistent link: https://www.econbiz.de/10011279858
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate conditions less predictable across countries, with...
Persistent link: https://www.econbiz.de/10012608712