Köhler, Max; Sperlich, Stefan; Vortmeyer, Julian - Courant Research Centre PEG - 2011
The Africa-Dummy has been identfied and different explanations for its appearance have been published. In this paper, the issue of the empirical identifcation of the Africa-Dummy is addressed. We introduce a fixed effects regression model to identify the Africa-Dummy in one regression step so...