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Robust estimation of linear fixed effects panel data models with an application to the exporter productivity premium

Verardi, Vincenzo; Wagner, Joachim - 2010

estimation of the popular linear fixed effects panel data model, and to supply Stata code for it. In an application from the …

Persistent link: https://www.econbiz.de/10010269751

What You Always Wanted to Know About Censoring But Never Dared to Ask - Parameter Estimation for Censored Random Vectors

Schnedler, Wendelin - 2003

. This objective function generalises the ordinary likelihood as well as particular ?likelihoods? used for estimation in …

Persistent link: https://www.econbiz.de/10010261568

Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000

Campos, Nauro F.; Karanasos, Menelaos G. - 2007

What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …

Persistent link: https://www.econbiz.de/10010268236

Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...

Persistent link: https://www.econbiz.de/10010282124

New Wine in Old Bottles: A Sequential Estimation Technique for the LPM

Horrace, William C.; Oaxaca, Ronald L. - 2003

to the probability generating process. A sequential least squares (SLS) estimation procedure is introduced that may …

Persistent link: https://www.econbiz.de/10010262097

Using shares vs. Log of shares in fixed-effect estimations

Gerdes, Christer - 2010

This paper looks at potential implications emerging from including shares as a control variable in fixed effect estimations. By shares I refer to the ratio of a sum of units over another, such as the share of immigrants in a city or school. As will be shown in this paper, a logarithmic...

Persistent link: https://www.econbiz.de/10010274619

A martingale representation for matching estimators

Abadie, Alberto; Imbens, Guido W. - 2009

been derived only for particular cases (Abadie and Imbens, 2006). This article establishes a martingale representation for … matching estimators. This representation allows the use of martingale limit theorems to derive the asymptotic distribution of …

Persistent link: https://www.econbiz.de/10010269062

A new approach to testing marginal productivity theory

Biewen, Martin; Weiser, Constantin - 2011

We address the long standing question of whether production factors are paid their marginal products. We propose a new approach that circumvents the need to specify production functions and to compare marginal products to factor payments. Our approach is based on a simple equation that directly...

Persistent link: https://www.econbiz.de/10010282422

Productivity premia for German manufacturing firms exporting to the Euro-area and beyond: First evidence from robust fixed effects estimations

Verardi, Vincenzo; Wagner, Joachim - 2010

This paper makes three contributions. (1) It summarizes in tabular form a recent literature made of 36 micro-econometric studies for 16 different countries on the relationship between export destination and firm performance. (2) It reports estimates of the productivity premium of German firms...

Persistent link: https://www.econbiz.de/10010269790

Flexibility at the margin and labor market volatility in OECD countries

Sala, Héctor; Silva, José Ignacio; Toledo, Manuel E. - 2008

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10010276682