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Electoral Accountability and Corruption inLocal Governments: Evidence from Audit Reports
Ferraz, Claudio; Finan, Frederico - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Political corruption is a concern of many modern democracies. It weakens democraticinstitutions, restricts public … determines corruption islimited. This paper uses a novel dataset of political corruption in local governments,constructed from … reports of an anti-corruption program in Brazil, to test whether the possibilityof re-election affects the level of rents …
Persistent link: https://www.econbiz.de/10005862786
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Time-Varying Risk Premium in Large Cross-Sectional Equity Datasets
Gagliardini, Patrick; Ossola, Elisa; Scaillet, Olivier - National Centre of Competence in Research - Financial … - 2011
. Weaddress consistent estimation of the asymptotic variance, and testing for asset pricing restrictions inducedby the no …
Persistent link: https://www.econbiz.de/10009418989
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Firm Performance: Do Non-Executive Directors Have Minds Of TheirOwn? Evidence From UK Panel Data
Mura, Roberto - Manchester Business School - 2007
I investigate the relation between firm performance and both ownership structure and board composition. Use of theGMM methodology permits simultaneous control of both endogeneity of the independent variables and fixedeffects. The data comprise an original, large, hand-collected panel dataset of...
Persistent link: https://www.econbiz.de/10005870174
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Parents` Incomes and Children`s Outcomes : A Quasi-Experiment
Akee, Randall K. Q.; Keeler, Gordon; Angold, Adrian; … - Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Identifying the effect of parental incomes on child outcomes is difficult due to the correlation of unobserved ability, education levels and income. Previous research has relied on the use of instrumental variables to identify the effect of a change in household income on the young adult...
Persistent link: https://www.econbiz.de/10005859635
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Fixed Effects Bias in Panel Data Estimators
Buddelmeyer, Hielke; Jensen, Paul H.; Oguzoglu, Umut; … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet’s bias-corrected LSDV and GMM estimators all perform well in both short and long panels...
Persistent link: https://www.econbiz.de/10005859693
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Heterogeneity, State Dependence and Health
Halliday, Timothy - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
heterogeneity and state dependence. Estimation indicates that there is a large degree of heterogeneity. For half the population …
Persistent link: https://www.econbiz.de/10005859735
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Panel estimation of state dependentadjustment when the target is unobserved
Von Kalkreuth, Ulf - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
standard first difference GMM procedure fails. I proposethree estimation strategies. One is based on quasi-differencing, and it …
Persistent link: https://www.econbiz.de/10005866182
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Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness
Afonso, António; Hauptmeier, Sebastian - European Central Bank - 2009
We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The resultsshow that the existence of effective fiscal rules, the degree of public spendingdecentralization, and the electoral cycle can...
Persistent link: https://www.econbiz.de/10005866594
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Productivity shocks and real exchange rate: a reappraisal
Peltonen, Tuomas A.; Sager, Michael - European Central Bank - 2009
We reappraise the relationship between productivity and equilibrium real exchangerates using a panel estimation …
Persistent link: https://www.econbiz.de/10005866628
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Matchingprozesse auf beruflichen Teilarbeismärkten
Stops, Michael; Mazzoni, Thomas - Fernuniversität <Hagen> / Fakultät für … - 2009
Das Papier präsentiert neue Schätzungen von Matchingfunktionen mit Hilfe von Niveau- und Ratengrössen mit nach Berufen dissaggregierten Daten für den deutschen Arbeitsmarkt für die Jahre 1983 bis 2004...
Persistent link: https://www.econbiz.de/10005867564