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An exponential class of dynamic binary choice panel data models with fixed effects
Al-Sadoon, Majid M.; Li, Tong; Pesaran, M. Hashem - 2012
This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be …
Persistent link: https://www.econbiz.de/10010291517
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Counterfactual analysis in macroeconometrics: An empirical investigation into the effects of quantitative easing
Pesaran, M. Hashem; Smith, Ron P. - 2012
This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...
Persistent link: https://www.econbiz.de/10010287195
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Counterfactual analysis in macroeconometrics: An empirical investigation into the effects of quantitative easing
Pesaran, M. Hashem; Smith, Ron P. - 2012
This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...
Persistent link: https://www.econbiz.de/10010287633
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Exports and productivity: Comparable evidence for 14 countries
Wagner, Joachim; Pertl, Leonhard; Schiavo, Stefano; … - 2007
We use comparable micro level panel data for 14 countries and a set of identically specified empirical models to …
Persistent link: https://www.econbiz.de/10010331061
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Testing weak cross-sectional dependence in large panels
Pesaran, M. Hashem - 2012
This paper considers testing the hypothesis that errors in a panel data model are weakly Cross-sectionally dependent … panel contains lagged values of the dependent variables, so long as there are no major asymmetries in the error distribution. …
Persistent link: https://www.econbiz.de/10010281918
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Robust standard errors in transformed likelihood estimation of dynamic panel data models
Hayakawa, Kazuhiko; Pesaran, M. Hashem - 2012
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao …
Persistent link: https://www.econbiz.de/10010282268
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Robust standard errors in transformed likelihood estimation of dynamic panel data models
Hayakawa, Kazuhiko; Pesaran, M. Hashem - 2012
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao …
Persistent link: https://www.econbiz.de/10010283629
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Alternative approaches to estimation and inference in large multifactor panels: Small sample results with an application to modelling of asset returns
Kapetanios, George; Pesaran, M. Hashem - 2005
This paper considers alternative approaches to the analysis of large panel data models in the presence of error cross …
Persistent link: https://www.econbiz.de/10010284201
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Forecasting With Panel Data: Estimation Uncertainty Versus Parameter Heterogeneity
Pesaran, M. Hashem; Pick, Andreas; Timmermann, Allan - 2022
We develop novel forecasting methods for panel data with heterogeneous parameters and examine them together with …-sectional (N) and time (T) dimensions and varying degrees of parameter heterogeneity. We investigate conditions under which panel …
Persistent link: https://www.econbiz.de/10013266655
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Corruption and productivity firm-level evidence from the BEEPS survey
De Rosa, Donato; Gooroochurn, Nishaal; Görg, Holger - 2010
Using enterprise data for the economies of Central and Eastern Europe and the CIS, this study examines the effects of corruption on productivity. Corruption is defined as a 'bribe tax' and is compared to another form of institutional inefficiency, which is often believed to be closely linked...
Persistent link: https://www.econbiz.de/10010277457