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Brech, Viktor; Potrafke, Niklas - CESifo - 2013

transfer payments, and poverty and inequality are of greatest concern for less developed recipient countries. …

Persistent link: https://www.econbiz.de/10010877746

Fiscal Transfers and Fiscal Sustainability

Potrafke, Niklas; Reischmann, Markus - CESifo - 2014

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Persistent link: https://www.econbiz.de/10010754658

Panel Data Gravity Models of International Trade

Baltagi, Badi H.; Egger, Peter; Pfaffermayr, Michael - CESifo - 2014

One of the oldest and largest literatures in empirical economics is concerned with the estimation of demand and supply of goods, services, and factors across national or subnational borders (see Leamer and Levinsohn, 1995). The respective empirical models specified and estimated are often...

Persistent link: https://www.econbiz.de/10010739343

Do Labor Market Institutions Influence Suicide Mortality? An International Panel Data Analysis

Breuer, Christian; Rottmann, Horst - CESifo - 2014

We examine the economic and social determinants of suicide mortality in a panel of 25 OECD countries over the period 1970 – 2011 and explicitly analyze the effects of unemployment and labor market institutions on suicide rates. In line with a large body of literature our results suggest that...

Persistent link: https://www.econbiz.de/10010795344

An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects

Al-Sadoon, Majid M.; Li, Tong; Pesaran, M. Hashem - CESifo - 2012

This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be arbitrarily correlated with covariates. The model is of the exponential type. We derive moment conditions that enable us to eliminate the unobserved heterogeneity term and at the same...

Persistent link: https://www.econbiz.de/10010598909

A Generalized Spatial Panel Data Model with Random Effects

Baltagi, Badi H.; Egger, Peter; Pfaffermayr, Michael - CESifo - 2012

This paper proposes a generalized panel data model with random effects and first-order spatially autocorrelated residuals that encompasses two previously suggested specifications. The first one is described in Anselin’s (1988) book and the second one by Kapoor, Kelejian, and Prucha (2007). Our...

Persistent link: https://www.econbiz.de/10010570349

Fiscal Equalization Schemes and Fiscal Sustainability

Potrafke, Niklas; Reischmann, Markus - CESifo - 2012

Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examine whether German state governments pursue sustainable fiscal policies taking into account fiscal equalization...

Persistent link: https://www.econbiz.de/10010578156

Consistent Estimation of Linear Panel Data Models with Measurement Error

Meijer, Erik; Spierdijk, Laura; Wansbeek, Tom J. - CESifo - 2015

Measurement error causes a downward bias when estimating a panel data linear regression model. The panel data context offers various opportunities to derive moment conditions that result in consistent GMM estimators. We consider three sources of moment conditions: (i) restrictions on the...

Persistent link: https://www.econbiz.de/10011122680

The U.S. Dollar Exchange Rate and the Demand for Oil

Schryder, Selien De; Peersman, Gert - CESifo - 2013

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...

Persistent link: https://www.econbiz.de/10010877652

Trade, Integration, and Interregional Inequality

Hirte, Georg; Lessmann, Christian - CESifo - 2014

We study the effect of international trade and freeness of trade (openness) on interregional inequality within … countries. We estimate a model derived from a structural economic-geography approach in which interregional inequality depends … IV and dynamic panel regressions provide evidence that trade increases interregional inequality, but that the coefficient …

Persistent link: https://www.econbiz.de/10010877821