Understanding adjustment processes has become central in economics. Empirical analysisis fraught with the problem that the target is usually unobserved. This paper develops,simulates and applies GMM methods for estimating dynamic adjustment models ina panel data context with partially unobserved...

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...

We reappraise the relationship between productivity and equilibrium real exchangerates using a panel estimation framework that incorporates a large number ofcountries and importantly, a dataset that allows explicit consideration of the role ofnon-traded, as well as traded, sector productivity...

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...

Stochastic differential equations (SDE) are used as dynamical models forcross sectional discrete time measurements (panel data). Thus causal effectsare formulated on a fundamental infinitesimal time scale. Cumulated causaleffects over the measurement interval can be expressed in terms of the...

The objective of this paper is to identify the determinants of office capitalization rates for a panel of 52countries (developed and emerging countries) between 2000 and 2006. Our assumption, based on a CapitalAsset Pricing Model, is that the capitalization rate should be at least proportional...

The paper examines the trend in public sector – private sector wagedifferentials in the 1980s and 1990s, using a variety of econometricmethods...br>

A large body of research exists investigating the link between environmental attitudes and behavior. Many empirical studies have found modest positive effects, suggesting that attitudes toward the environment might indeed influence environmental behavior. However, most of the previous empirical...

Dieser Beitrag geht der Frage nach, wie sich die tatsächliche Arbeitszeit von Müttern und Vätern verändert, wenn sie die Möglichkeit erhalten, im Homeoffice zu arbeiten. Ausgehend von der Principle-Agent-Theorie, der sozialen Austauschtheorie und der Work/Family-Border-Theorie wurde mit...

Vorgestellt wird die standardisierte schriftliche Panelbefragung als eine Methode der quantitativen Sozialforschung