This article develops a Bayesian approach for estimating panel quantile regression with binary outcomes in the presence of correlated random effects. We construct a working likelihood using an asymmetric Laplace (AL) error distribution and combine it with suitable prior distributions to obtain...

Consider a bipartite network where N consumers choose to buy or not to buy M different products. This paper considers the properties of the logistic regression of the N ×M array of "i-buys-j" purchase decisions, [Yij ] 1≤i≤N,1≤j≤M, onto known functions of consumer and product attributes...

This article develops a Bayesian approach for estimating panel quantile regression with binary outcomes in the presence of correlated random effects. We construct a working likelihood using an asymmetric Laplace (AL) error distribution and combine it with suitable prior distributions to obtain...

Consider a bipartite network where N consumers choose to buy or not to buy M different products. This paper considers the properties of the logit fit of the N ×M array of "i-buys-j" purchase decisions, Y = [Yij ]1≤i≤N,1≤j≤M , onto a vector of known functions of consumer and product...

In models that have a representation of the form       ) , ( x g y the Wald test for ˆBeta has systematically wrong size in finite samples when the indentifying parameter Gamma is small relative to its estimation error. An alternative test based on linearization of g(.) can be...

This paper proposes two statistics for testing error cross-sectional independence in a static linear heterogeneous panel data model by virtue of PAR (Pairwise Augmented Regressions). The tests based on the two statistics are extensions to the CD test Pesaran (2004) and the bias-adjusted LM test...

This study examined the relationship between the board characteristics and stock performance of commercial banks. Our analysis is based on a sample of 65 banks across 10 MENA countries and their quantitative data extracted between 2013 and 2022. This research employed pooled OLS, and fixed and...

In this paper, we study the asymptotic distributions for least-squares (OLS), fully modified (FM), and dynamic OLS (DOLS) estimators in cointegrated regression models in panel data. We show that the OLS, FM, and DOLS estimators are all asymptotically normally distributed. However, the asymptotic...