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Pro-poor Price Trends and Inequality - The Case of India
Almås, Ingvild - 2016
It is well known that people's consumption patterns change with income. Relative price changes therefore affect rich and poor consumers differently. Yet, the standard price indices are not income-specific and hence, the use of these mask these differences in cost-of-living. In this paper, we...
Persistent link: https://www.econbiz.de/10012997169
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2015
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013038262
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Lost in Translation : What Do Engel Curves Tell Us About the Cost of Living?
Almås, Ingvild - 2018
The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method … confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income … implement the Translated Engel curve (TEC) method that disentangles genuine CPI bias from differences caused by comparing …
Persistent link: https://www.econbiz.de/10012922658
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Democracy and Growth : Evidence of a New Measurement
Gründler, Klaus - 2016
very detailed measurement of democracy for 188 countries between 1981 and 2011. Application of the SVMDI highlights a …
Persistent link: https://www.econbiz.de/10013001148
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Ethnic Geography : Measurement and Evidence
Hodler, Roland - 2018
The effects of ethnic geography, i.e., the distribution of ethnic groups across space, on economic, political and social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial distances between individuals into account. Importantly, we...
Persistent link: https://www.econbiz.de/10012930690
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Panel Regression with Random Noise
Ronning, Gerd - 2009
fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct …The paper explores the effect of measurement errors on the estimation of a linear panel data model. The conventional …
Persistent link: https://www.econbiz.de/10012763988
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A Rise By Any Other Name? Sensitivity of Growth Regressions to Data Source
Hanousek, Jan - 2008
Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...
Persistent link: https://www.econbiz.de/10012773476
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Measurement Error in Education and Growth Regressions
Portela, Miguel - 2008
the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the …
Persistent link: https://www.econbiz.de/10012774497
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Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures
Pesaran, M. Hashem - 2013
In this paper we adopt a new approach to testing for purchasing power parity, PPP, that is robust to base country effects, cross-section dependence, and aggregation. Given data on N + 1 countries, i, j = 0, 1, 2, ..., N, the standard procedure is to apply unit root or stationarity tests to N...
Persistent link: https://www.econbiz.de/10012754327
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How Productive is Public Capital? A Meta-Analysis
Bom, Pedro; Ligthart, Jenny E. - 2021
capital amounts to 0.08 after correcting for publication bias. A substantial part of the heterogeneity across studies is …
Persistent link: https://www.econbiz.de/10013316601