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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

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

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

3-step analysis of public finances sustainability: the case of the European Union

Afonso, António; Rault, Christophe - 2008

specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios …. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

Persistent link: https://www.econbiz.de/10011604954