Similar Search Results

Explaining the Money Demand of Non-Financial Corporations in the Euro Area : A Macro and a Micro View

Martinez-Carrascal, Carmen - 2010

This paper analyses euro area non-financial corporations (NFC) money demand, both from a macro and a microeconomic point of view. At a macro level, money holdings are modelled as a function of real gross added value, the price level, the long-term interest rate on bank lending to non-financial...

Persistent link: https://www.econbiz.de/10013137587

Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data

Mohl, Philipp - 2011

impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … structural funds for an extended time horizon and examine the robustness of our results by comparing different dynamic panel …

Persistent link: https://www.econbiz.de/10013118136

Estimation of Linear Dynamic Panel Data Models with Time-Invariant Regressors

Kripfganz, Sebastian - 2015

We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress the first-stage residuals on the time-invariant regressors...

Persistent link: https://www.econbiz.de/10013016951

What Do We Really Know about Fiscal Sustainability in the EU? A Panel Data Diagnostic

Afonso, António - 2007

cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for … structural breaks. We also apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006) …

Persistent link: https://www.econbiz.de/10012775987

Panel Data Estimates of the Production Function and Product and Labor Market Imperfections

Dobbelaere, Sabien - 2007

industry and the firm level using an unbalanced panel of 10646 French firms in 38 manufacturing industries over the period 1978 …

Persistent link: https://www.econbiz.de/10012776545

Fiscal Policy and Growth : Do Financial Crises Make a Difference?

Afonso, António; Grüner, Hans Peter; Kolerus, … - 2021

mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel …

Persistent link: https://www.econbiz.de/10013316206

Budgetary and External Imbalances Relationship : A Panel Data Diagnostic

Afonso, António; Rault, Christophe - 2021

, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …

Persistent link: https://www.econbiz.de/10013316457

Efficiency and Risk in European Banking

Fiordelisi, Franco - 2010

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...

Persistent link: https://www.econbiz.de/10013142777

The Determinants of Sovereign Bond Yield Spreads in the EMU

Afonso, António - 2015

We use a panel of euro area countries to assess the determinants of long-term sovereign bond yield spreads over the …

Persistent link: https://www.econbiz.de/10013021991

Financing obstacles and growth: an analysis for euro area non-financial corporations

Coluzzi, Chiara; Ferrando, Annalisa; … - 2009

, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155 …,000 non-financial corporations in five euro area countries. In addition to the balance sheet information in this panel, we …

Persistent link: https://www.econbiz.de/10011605043