Showing 1 - 10 of 5,469
In the presence of selection bias, traditional estimators of pseudo panel data are inconsistent. In this paper, the … authors derive the conditions under which consistence is achieved in pseudo-panel estimation and propose a simple test of … of the null hypothesis, the authors can consistently estimate pseudo-panel parameters. They use cross sections and pseudo-panel …
Persistent link: https://www.econbiz.de/10010308943
Using a panel data set for OECD countries we replicate the typical features of the New Keynesian Phillips curve models … (NPCs) that have been estimated on country data. While this corroborates the NPC also on the macro panel data set, a …
Persistent link: https://www.econbiz.de/10010295320
We analyse the problem of parameter inconsistency in panel data econometrics due to the correlation of exogenous …
Persistent link: https://www.econbiz.de/10010264750
In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section …
Persistent link: https://www.econbiz.de/10010281273
We develop a non-dynamic panel smooth transition regression model with fixed individual effects. The model is useful … generalization of the threshold panel model of Hansen (1999). We extend the modelling strategy for univariate smooth transition … regression models to the panel context. This comprises of model specification based on homogeneity tests, parameter estimation …
Persistent link: https://www.econbiz.de/10010281432
heterogeneous panel cointegration techniques that are robust to omitted variables and endogenous regressors to estimate the effect …
Persistent link: https://www.econbiz.de/10010281831
In the context of an autoregressive panel data model with fixed effect, we examine the relationship between consistent …
Persistent link: https://www.econbiz.de/10010288764
under a simple panel Poisson count model. We also extend the strategy to accomodate cases when information orthogonality is … unavailable, such as the linear AR(p) panel model. For the AR(p) model, there exists a correction function to fix the incidental …
Persistent link: https://www.econbiz.de/10010288792
We study identification in a binary choice panel data model with a single predetermined binary covariate (i.e., a …
Persistent link: https://www.econbiz.de/10014480540
The authors address the issue of estimation and inference in dependent non-stationary panels of small cross-section dimensions. The main conclusion is that the best results are obtained applying bootstrap inference to single-equation estimators, such as fully modified ordinary least squares and...
Persistent link: https://www.econbiz.de/10010309047