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variables with the error term. A common solution in this setting is to use Instrumental-Variable (IV) estimation in the spirit …
Persistent link: https://www.econbiz.de/10014209927
variables with the error term. A common solution in this setting is to use Instrumental-Variable (IV) estimation in the spirit …
Persistent link: https://www.econbiz.de/10003811776
properties even with lower truncation lags for the lagged variables included in the estimation equation. An application is then … provided which examines the nature of the equilibrium relationship between aggregate US exports, world trade and the US real … exchange rate. This confirms that estimation of the equilibrium parameters of this relationship by the Bewley transformation …
Persistent link: https://www.econbiz.de/10013157499
This chapter presents a unified set of estimation methods for fitting a rich array of models describing dynamic … chapter is motivated by the principle that, whenever possible, estimation methods should rely on routines available in … sampling inherent in survey longitudinal data, (3) incorporation of predetermined variables in estimation, and (4 …
Persistent link: https://www.econbiz.de/10014024953
with argument equal to the "normit" of a consistent estimation of the conditional probability of being observed given … finite samples. As a "side effect" the authors utilize the enlarged pseudo panel to provide a GMM consistent estimation of …
Persistent link: https://www.econbiz.de/10010440591
potential of IV estimation procedures. Supplementary Monte Carlo simulations are provided for two of the example models. …
Persistent link: https://www.econbiz.de/10010459136
One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply … structure of the data. This chapter is concerned with a host of issues that arise with the estimation of such models, respecting … their panel econometric generic structure. The issues covered range from the estimation of double-indexed versus higher …
Persistent link: https://www.econbiz.de/10013058498
model is defactored by the extracted factors from the residuals of the _rst step estimation and subsequently obtain the _nal …
Persistent link: https://www.econbiz.de/10012900011
effect that language learning opportunities abroad have on German exports. We employ a gravity model of trade with a single … importance of potential reverse causality, we also estimate the effect that institutes have on Swiss exports. Our findings for … both Germany and German-speaking Swiss cantons show that institutes do stimulate exports to GI-hosting countries, but that …
Persistent link: https://www.econbiz.de/10012592169
When analyzing panel data using regression models, it is often reasonable to allow for time-varying covariate effects. We propose a novel approach to modelling timevarying coefficients in panel data regressions, which is based on penalized regression techniques. To illustrate the usefulness of...
Persistent link: https://www.econbiz.de/10009722024