Showing 1 - 10 of 98
; Lucas critique; sample-selection bias and survivor bias. Applying dynamic system-GMM panel estimation on 169 countries over …
Persistent link: https://www.econbiz.de/10003905072
The main goal of the article is to investigate forecasting quality of two approaches to modelling main macroeconomic variables without a priori assumptions concerning causality and generate forecasts without additional assumptions regarding regressors. With application of tendency survey data...
Persistent link: https://www.econbiz.de/10010512536
In this paper, the authors develop a new estimation method that is suitable for censored models with two high … and hence making it applicable to frameworks in which standard estimation techniques become unfeasible. The authors … ignoring censored issues can be significant to the role of firms in terms of wage dispersion: individual heterogeneity explains …
Persistent link: https://www.econbiz.de/10010373786
result of panel data regressions is that both conventional and Islamic banks have fuelled economic growth, with the latter …
Persistent link: https://www.econbiz.de/10011332914
countries than for health in poorer countries. Employing panel cointegration and conventional panel regressions, we find that …
Persistent link: https://www.econbiz.de/10010425987
other growth determinants, such as institutions, population heterogeneity, geography and macroeconomic stability are …
Persistent link: https://www.econbiz.de/10009538056
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and empirical literature, there is no consensus regarding the contribution of financial liberalization and financial development to growth. Focusing on the direct channels of growth, the...
Persistent link: https://www.econbiz.de/10009791192
corruption in low income countries. Finally, the various estimation methods are discussed and critically evaluated. …
Persistent link: https://www.econbiz.de/10003625950
The Cobb-Douglas function is today one of the most widely-adopted assumptions in economic modeling, yet both its theoretical and empirical basis have long been under question. The purpose of this paper is to build an alternative production function on neoclassical microfoundations to address...
Persistent link: https://www.econbiz.de/10008990456
development? The authors employ the newly developed dynamic Common Correlated Effects (CCE) and dynamic panel system Generalized …, heterogeneity and endogeneity. They show that GDP has a positive impact on financial development in high and middle-income countries …
Persistent link: https://www.econbiz.de/10011976076