Similar Search Results

Quasi maximum likelihood estimation of spatial models with heterogeneous coefficients

Aquaro, Michele; Bailey, Natalia; Pesaran, M. Hashem - 2015

This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial … section dimensions of the panel are large. It derives the asymptotic covariance matrix of the QML estimators allowing for the … sample properties for panels with moderate time dimensions and irrespective of the number of cross section units in the panel …

Persistent link: https://www.econbiz.de/10011283005

Income and price elasticities of Macedonian export and import of goods - a panel approach

Stefanova, Dijana Janevska; Petrovska, Magdalena - 2020

This paper uses a sectoral version of conventional Imperfect substitutes model to motivate a parsimonious estimation of trade elasticities. The elasticities we compute depend directly on the specialization of trade across sectors, which is believed to add econometric precision to our estimates....

Persistent link: https://www.econbiz.de/10012260864

Panel estimation of the impact of foreign banks presence on selected banking indicators in Macedonia

Mitreska, Ana; Bojcheva-Terzijan, Sultanija - 2017

behaviour. We employ panel estimation method with a pooled mean group estimator. The results do confirm the thesis that foreign …

Persistent link: https://www.econbiz.de/10011702752

Impulse response estimation via flexible local projections

Mumtaz, Haroon; Piffer, Michele - 2022

This paper introduces a exible local projection that generalises the model by Jordà (2005) to a non-parametric setting using Bayesian Additive Regression Trees. Monte Carlo experiments show that our BART-LP model is able to capture non-linearities in the impulse responses. Our first application...

Persistent link: https://www.econbiz.de/10013179339