Similar Search Results

Consistent Estimation of Linear Panel Data Models with Measurement Error

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

offers various opportunities to derive moment conditions that result in consistent GMM estimators. We consider three sources …

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

Rainy Day Politics - An Instrumental Variables Approach to the Effect of Parties on Political Outcomes

Lind, Jo Thori - CESifo - 2014

Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...

Persistent link: https://www.econbiz.de/10010877735

Intergenerational Transmission of Unemployment - Evidence for German Sons

Mäder, Miriam; Müller, Steffen; Riphahn, Regina T.; … - CESifo - 2014

This paper studies the association between the unemployment experience of fathers and their sons. Based on German survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation and the Gottschalk (1996) method we investigate to what...

Persistent link: https://www.econbiz.de/10010948863

Natural Disasters and the Effect of Trade on Income: A New Panel IV Approach

Felbermayr, Gabriel J.; Gröschl, Jasmin - CESifo - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize...

Persistent link: https://www.econbiz.de/10009224870

Broadband Internet: An Information Superhighway to Sex Crime?

Bhuller, Manudeep; Havnes, Tarjei; Leuven, Edwin; … - CESifo - 2012

Does internet use trigger sex crime? We use unique Norwegian data on crime and internet adoption to shed light on this question. A public program with limited funding rolled out broadband access points in 2000–2008, and provides plausibly exogenous variation in internet use. Our instrumental...

Persistent link: https://www.econbiz.de/10010556077

The Historical Roots of Corruption and Economic Development in Italy

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2013

We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...

Persistent link: https://www.econbiz.de/10010641421

Birthweight and Academic Achievement in Childhood

Chatterji, Pinka; Kim, Dohyung; Lahiri, Kajal - CESifo - 2014

Research has shown that birthweight has a lasting impact on later-life outcomes such as educational attainment and earnings. This paper examines the role of health at birth in determining academic achievement in childhood, which may provide the link between birthweight and adult outcomes. Using...

Persistent link: https://www.econbiz.de/10010765494

Does Culture Cause Economic Development? A Reassessment of the Evidence from European Regions

Edwards, Jeremy - CESifo - 2012

This paper shows that Tabellini’s recent claim to have provided evidence that culture has a causal effect on economic development is unjustified. Tabellini’s claim is based on an instrumental variables analysis in which two instruments are used to identify the supposed causal effect. One of...

Persistent link: https://www.econbiz.de/10010595383

Accuracy and Efficiency of Various GMM Inference Techniques in Dynamic Micro Panel Data Models

Kiviet, Jan Frederik; Pleus, Milan; Poldermans, Rutger - CESifo - 2015

-Bond GMM estimation techniques for single dynamic panel data models with possibly endogenous regressors and cross … transformations of the matrix of instrumental variables, of less robust implementations of the GMM weighting matrix, and also of … variants of tests for overidentification restrictions show serious deficiencies. A recently developed modification of GMM is …

Persistent link: https://www.econbiz.de/10011124891

Efficiency Gains by Modifying GMM Estimation in Linear Models under Heteroskedasticity

Kiviet, Jan Frederik; Feng, Qu - CESifo - 2014

While coping with nonsphericality of the disturbances, standard GMM suffers from a blind spot for exploiting the most … instance, standard GMM counteracts that exogenous regressors are used as their own optimal instruments. This is easily seen … after transmuting GMM for linear models into IV in terms of transformed variables. It is demonstrated that modified GMM …

Persistent link: https://www.econbiz.de/10011086451