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A Reassessment of the Finance & Growth Nexus Using Monte Carlo Evidence

Franz, Thorsten - 2018

The small sample performance of system Generalized Method of Moments (GMM) and an alternative Transformed Maximum Likelihood (TML) estimator is investigated in Monte Carlo simulations, implementing a data generating process that tracks important features inherent in dynamic panels used in...

Persistent link: https://www.econbiz.de/10012934827

Consistent estimation, model selection and averaging of dynamic panel data models with fixed effect

Li, Guangjie (contributor) - 2009

In the context of an autoregressive panel data model with fixed effect, we examine the relationship between consistent …. -- dynamic panel data model with fixed effect ; incidental parameter problem ; consistency in estimation ; model selection …

Persistent link: https://www.econbiz.de/10003817214

State dependence in the finance-growth nexus : a functional coefficient approach

Herwartz, Helmut; Walle, Yabibal - 2013

Noting that "one size does not fit all" in the case of the finance-growth (FG) nexus, a growing body of literature has recently focused on uncovering economic conditions under which financial development could be beneficial (detrimental) to economic development. We look into these conditions by...

Persistent link: https://www.econbiz.de/10009752169

The inequality-growth plateau

Henderson, Daniel J.; Qian, Junhui; Wang, Le - 2015

We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy...

Persistent link: https://www.econbiz.de/10010469680

The environmental Kuznets curve : a semiparametric approach with cross-sectional dependence

Soberon, Alexandra; D'Hers, Irene - In: Journal of risk and financial management : JRFM 13 (2020) 11/292, pp. 1-23

particular, we propose to test the Environmental Kuznets Curve (EKC) hypothesis for a panel of 24 OECD countries and 32 non … semiparametric panel data model. Our results corroborates that the nature and validity of the income–pollution relationship based on …

Persistent link: https://www.econbiz.de/10012388215

The Effects of Openness and Indigeneity on Growth : Evidence from Nonparametric Panel Data Model with Two-Way Random Effect

Zhou, Xianbo - 2015

This paper contributes to the globalization debate by studying the overall effect on growth of openness and indigenous factors. The empirical results show that the openness factors averagely promote growth whereas the indigeneity factors have a negative effect on growth. The conclusion is robust...

Persistent link: https://www.econbiz.de/10013012045

Growth effect of public debt : the role of government effectiveness and trade balance

Butkus, Mindaugas; Seputiene, Janina - In: Economies : open access journal 6 (2018) 4/62, pp. 1-27

. Our SYS-GMM estimates (and alternatively OLS and LSDV for robustness check) are based on the unbalanced panel of 152 …

Persistent link: https://www.econbiz.de/10011956426

Is there an animal food kuznets curve, and does it matter?

Frontuto, Vito; Felici, Tommaso; Andreoli, Vania; … - In: Bio-based and applied economics 14 (2025) 1, pp. 19-35

consumption. Utilizing a novel panel dataset spanning 28 years and covering 79 countries, we uncover an inverted U …

Persistent link: https://www.econbiz.de/10015416235

Product variety and economic growth : empirical evidence for the OECD countries

Funke, Michael; Ruhwedel, Ralf - 2000

Utilizing panel data for 19 OECD countries we find suppor t for the hypothesis that a greater degree of product variety …

Persistent link: https://www.econbiz.de/10009781524

Labor productivity growth in EU28 : spatial panel analysis

Olejnik, Alicja; Olejnik, Jakub - 2015

the important structure of the age-productivity relation of Human Capital. The study is fundamentally based on the theory … of Fingleton's model which analyses the spatial process of productivity growth on the on the foundations of the theory of … spatial panel model with fixed effects. The model presented provides evidence of the importance of increasing returns to scale …

Persistent link: https://www.econbiz.de/10011479474