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The Generalized Method of Moments (GMM) is discussed for handling the joint occurrence of fixed effects and random … is assumed. Two specializations of GMM are considered: (i) using instruments (IVs) in levels for a differenced version of … sample biases and IV quality are illustrated by Monte Carlo simulations. Overall, with respect to bias and IV strength, GMM …
Persistent link: https://www.econbiz.de/10010785528
The main aim of this paper is to know if foreign direct investment can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for this purpose, we have assessed, in panel data, the effect of foreign direct investment in cfa franc zone on her...
Persistent link: https://www.econbiz.de/10011260569
The main aim of this paper is to know if infrastructures/technology and Foreign Direct Investment (FDI) can be consider like a cause of sub Saharan African export’s dependence against raw materials, and, for this purpose, we have assessed, in panel data, the effect of...
Persistent link: https://www.econbiz.de/10011260968
In this paper the recent effect of the European Monetary Union on inward FDI-flows is examined. We use a difference-in-differences approach for both a gravity based- as well as a general equilibrium approach. The estimated results show that the introduction of the euro raises inward FDI by 14 to...
Persistent link: https://www.econbiz.de/10005321930
theoretical hypotheses on the causes of the FDI. The good results obtained with the GMM system estimator suggest that the building …
Persistent link: https://www.econbiz.de/10011109612
chosen host country’s characteristics, the model is estimated using the General Method of Moments (GMM) technique. The …
Persistent link: https://www.econbiz.de/10010905784
more countries and years than the earlier studies ii) We use the GMM estimator which requires milder assumptions to be …
Persistent link: https://www.econbiz.de/10005621938
fixed effects. We also used GMM (1991) and GMM (1998) estimates of our analysis. The result of robustness tests confirms …
Persistent link: https://www.econbiz.de/10010791386
panel estimation, GMM (1998) is used for examining the relation between growth and long term debt. The study found that …
Persistent link: https://www.econbiz.de/10010778571
eliminate the unobserved heterogeneity term and at the same time to identify the parameters of the model. We then propose GMM … finite sample performance of our GMM estimators. …
Persistent link: https://www.econbiz.de/10010598555