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We use panel probit models with unobserved heterogeneity, state-dependence and serially correlated errors in order to analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The likelihood-based inference of these models requires...
Persistent link: https://www.econbiz.de/10010298829
We use panel probit models with unobserved heterogeneity, state-dependence and serially correlated errors in order to analyze the determinants and the dynamics of current-account reversals for a panel of developing and emerging countries. The likelihood-based inference of these models requires...
Persistent link: https://www.econbiz.de/10005059013
This paper is concerned with high-dimensional panel data models where the number of regressors can be much larger than the sample size. Under the assumption that the true parameter vector is sparse we establish finite sample upper bounds on the estimation error of the Lasso under two different...
Persistent link: https://www.econbiz.de/10010851282
A panel data method is used to evaluate the impact of the Closer Economic Partnership Agreement (CEPA) signed between Mainland China and Hong Kong. Using the time series data of Hong Kong, Austria, Denmark, Finland, France, Germany, Italy, Japan, Korea, Netherlands, Norway, Singapore, Taiwan,...
Persistent link: https://www.econbiz.de/10010591931
The aim of this note is to present a root-N consistent estimator for the regression coefficients in a fixed-effects panel data sample selection model that has one selection equation and two regression equations. Other than the condition that the error terms satisfy a control function type of...
Persistent link: https://www.econbiz.de/10010594084
The Informal Economy provides employment to more than 60 per cent of the labour population in the developing world despite being a site unfettered by regulations and social norms of fairness governing pay and work conditions. In assessing the factors behind an informal agent’s decision to...
Persistent link: https://www.econbiz.de/10009323213
Purpose - Existence of working poverty reduces the effectiveness of the strategy of "increasing employment to reduce poverty". Developed countries are already concerned about it but insufficient attention has been made by developing countries. Focusing on developing countries this study...
Persistent link: https://www.econbiz.de/10014370303
Purpose - Existence of working poverty reduces the effectiveness of the strategy of "increasing employment to reduce poverty". Developed countries are already concerned about it but insufficient attention has been made by developing countries. Focusing on developing countries this study...
Persistent link: https://www.econbiz.de/10015413483
The objectives of this paper are to study the impact of liberalisation on trade deficits and current accounts of developing countries. It is expected that trade liberalisation would promote economic growth from the supply side by leading to a more efficient use of resources, by encouraging...
Persistent link: https://www.econbiz.de/10010295419
An autoregressive fixed effects panel data equation in error-ridden endogenous and exogenous variables, with finite memory of disturbances, latent regressors and measurement errors is considered. Finite sample properties of GMM estimators are explored by Monte Carlo (MC) simulations. Two kinds...
Persistent link: https://www.econbiz.de/10010330209