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Estimating non-linear models with multiple fixed effects:a computational note

Hospido, Laura - Banco de España - 2011

In this paper we consider estimation of nonlinear panel data models that include multiple individual fixed effects …

Persistent link: https://www.econbiz.de/10009146694

The impact of financial position on investment: an analysis for non-financial corporations in the euro area

Martínez-Carrascal, Carmen; Ferrando, Annalisa - Banco de España - 2008

This paper analyses the impact that firms' financial position has on investment decisions using panel data from a large …

Persistent link: https://www.econbiz.de/10005022228

Testing weak exogeneity in cointegrated panels

Moral-Benito, Enrique; Serven, Luis - Banco de España - 2013

weak exogeneity in panel cointegration models. The test has a limiting Gumbel distribution that is obtained by first …

Persistent link: https://www.econbiz.de/10010862255

The public sector wage premium in Spain: evidence from longitudinal administrative data

Hospido, Laura; Moral-Benito, Enrique - Banco de España - 2014

This paper studies the public sector wage gap in Spain by gender, skill level and type of contract, using recent administrative data from tax records. We estimate wage distributions in the presence of covariates separately for men and women in the public and in the private sectors, and we take...

Persistent link: https://www.econbiz.de/10010886087

Measuring and explaining the volatility of capital flows towards emerging countries

Broto, Carmen; Díaz-Cassou, Javier; Erce-Domínguez, Aitor - Banco de España - 2008

explanatory variables by type of flow through a panel data model. We show that in recent years the significance of global factors …

Persistent link: https://www.econbiz.de/10005022258

Financing obstacles and growth: An analysis for euro area non-financial corporations

Coluzzi, Chiara; Ferrando, Annalisa; … - Banco de España - 2009

, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155 …,000 non-financial corporations in five euro area countries. In addition to the balance sheet information in this panel, we …

Persistent link: https://www.econbiz.de/10005155305

Cash holdings, firm size and access to external finance. Evidence for the euro area

Martínez-Carrascal, Carmen - Banco de España - 2010

This paper investigates the empirical determinants of corporate cash holdings in the euro area as a function of firm size. The results show that there are significant differences in investment in liquid assets for firms of different size. More specifically, liquid assets for smaller firms in the...

Persistent link: https://www.econbiz.de/10008725821