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Distance to the Efficiency Frontier and FDI Spillovers

Peter, Klara Sabirianova; Svejnar, Jan; Terrell, Katherine - 2004

and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the … change from 1995-1997 to 1998-2000. However, the distance to the frontier is orders of magnitude greater in Russia than in …, in the Czech Republic this ?negative spillover? effect is diminished over time, whereas in Russia it continues to cause …

Persistent link: https://www.econbiz.de/10010262073

Foreign Investment, Corporate Ownership, and Development : Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova, Klara Z.; Svejnar, Jan; Terrell, Katherine - 2005

advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent …

Persistent link: https://www.econbiz.de/10010271756

Real Time Econometrics

Pesaran, Mohammad Hashem; Timmermann, Allan - 2004

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...

Persistent link: https://www.econbiz.de/10010276178

Real Time Econometrics

Pesaran, M. Hashem; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

Persistent link: https://www.econbiz.de/10005763536

Variance estimation in a random coefficients model

Schlicht, Ekkehart; Ludsteck, Johannes - 2006

This papers describes an estimator for a standard state-space model with coefficients generated by a random walk that is statistically superior to the Kalman filter as applied to this particular class of models. Two closely related estimators for the variances are introduced: A maximum...

Persistent link: https://www.econbiz.de/10010267676

VC - A Method For Estimating Time-Varying Coefficients in Linear Models

Schlicht, Ekkehart - 2020

This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...

Persistent link: https://www.econbiz.de/10012180113

Variance Estimation in a Random Coefficients Model

Schlicht, Ekkehart; Ludsteck, Johannes - Institute for the Study of Labor (IZA) - 2006

Persistent link: https://www.econbiz.de/10005566384

Inequality and volatility moderation in Russia: evidence from micro-level panel data on consumption and income

Gorodnichenko, Yuriy; Peter, Klara Sabirianova; … - 2009

We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal … decreased during the 2000-2005 economic recovery. The decrease appears to be driven by falling volatility of transitory income …

Persistent link: https://www.econbiz.de/10010269374

Impact of Financial Crises on Dynamics of Capital Structure: Evidence from Korean Listed Companies

Tsoy, Lyubov; Heshmati, Almas - 2017

This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...

Persistent link: https://www.econbiz.de/10011653282

Forecasting errors: yet more problems for identification?

Contini, Bruno - 2009

Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...

Persistent link: https://www.econbiz.de/10010271221