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Using lasso-type penalties to model time-varying covariate effects in panel data regressions : a novel approach illustrated by the 'death of distance' in international trade

Hess, Wolfgang; Persson, Maria; Rubenbauer, Stephanie; … - 2013

; Gravity ; Death of Distance ; Missing Globalization Puzzle …

Persistent link: https://www.econbiz.de/10009722024

On estimation of gravity equation : a cluster analysis

Bobková, Božena - 2014

This article questions the slope homogeneity in a gravity equation and proposes a partially heterogeneous framework for … its estimation using panel data. We suggest to employ K-mean clustering to group countries according to the gravity … equation variables. Further, the gravity model is estimated on these created homogeneous groups. We apply this procedure on …

Persistent link: https://www.econbiz.de/10010461219

Aggregation of Linear Models for Panel Data

Petkovic, Alexandre; Veredas, David - 2009

We study the impact of individual and temporal aggregation in linear static and dynamic models for panel data in terms of model specification and efficiency of the estimated parameters. Model wise we find that i) individual aggregation does not affect the model structure but temporal aggregation...

Persistent link: https://www.econbiz.de/10014204593

Chapter 62 A Practitioner's Approach to Estimating Intertemporal Relationships Using Longitudinal Data: Lessons from Applications in Wage Dynamics

MaCurdy, Thomas - In: Handbook of econometrics : volume 6A, (pp. 4057-4167). 2007

This chapter presents a unified set of estimation methods for fitting a rich array of models describing dynamic relationships within a longitudinal data setting. The discussion surveys approaches for characterizing the micro dynamics of continuous dependent variables both over time and across...

Persistent link: https://www.econbiz.de/10014024953

Consistent Estimation of Pseudo Panels in the Presence of Selection Bias

Mora, Jhon James - 2012

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 selection bias. Specifically, they propose a Wald test for...

Persistent link: https://www.econbiz.de/10013104807

To Pool or Not to Pool : What Is a Good Strategy for Parameter Estimation and Forecasting in Panel Regressions?

Wang, Wendun - 2018

This paper considers estimating the slope parameters and forecasting in potentially heterogeneous panel data regressions with a long time dimension. We propose a novel optimal pooling averaging estimator that makes an explicit trade-off between efficiency gains from pooling and bias due to...

Persistent link: https://www.econbiz.de/10012927647

Extended Mundlak Device for Heterogeneity in Nonlinear Panel Data Models with Positive Response Variables

Shang, Shengwu - 2023

Using the models in Wooldridge (1999), We compare three main estimation methods for positive response variable-- FE method for log linear model (LFE), Poisson Quasi-Maximum Likelihood (PQML) and Generalized Method of Moment (GMM) -- by Mont Carlo Simulation and real life data set. It is not...

Persistent link: https://www.econbiz.de/10014357218

Fixed Effects, Lagged Dependent Variables, and Bracketing : A Cautionary Note

Demetrescu, Matei; Frondel, Manuel; Tomberg, Lukas; … - 2023

This article investigates a bracketing property that purports to yield upper- and lower bounds on the treatment effects obtained from a fixed effects- and lagged dependent variable model. With reference to both analytical results and a Monte Carlo simulation, we explore the conditions under...

Persistent link: https://www.econbiz.de/10014346130

Estimating causal effects with observational data guidelines for agricultural and applied economists

Henningsen, Arne; Low, Guy; Wuepper, David; Dalhaus, Tobias - 2024

Most research questions in agricultural and applied economics are of a causal nature, i.e., how one or more variables (e.g., policies, prices, the weather) affect one or more other variables (e.g., the welfare of individuals or the society, the demanded or produced quantity, pollution). Only a...

Persistent link: https://www.econbiz.de/10015162983

Identifying age-cohort-time effects, their curvature and interactions from polynomials : examples related to sickness absence

Biørn, Erik - 2013

In the paper is considered identification of coefficients in equations explaining a continuous variable, say the number of sickness absence days of an individual per year, by cohort, time and age, subject to their definitional identity. Extensions of a linear equation to polynomials, including...

Persistent link: https://www.econbiz.de/10009723903