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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
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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
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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
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Accuracy and Efficiency of Various GMM Inference Techniques in Dynamic Micro Panel Data Models
Kiviet, Jan Frederik; Pleus, Milan; Poldermans, Rutger - CESifo - 2015
The performance in finite samples is examined of inference obtained by variants of the Arellano-Bond and the Blundell-Bond GMM estimation techniques for single dynamic panel data models with possibly endogenous regressors and cross-sectional heteroskedasticity. By simulation the effects are...
Persistent link: https://www.econbiz.de/10011124891
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Information Transmission within Federal Fiscal Architectures: Theory and Evidence
Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - CESifo - 2013
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10010693469
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The Power of Religious Organizations in Human Decision Processes: Analyzing Voting Behavior
Torgler, Benno; Stadelmann, David; Portmann, Marco - CESifo - 2013
’s recommendations. We find that voting recommendations do indeed matter, implying that even in a secularized world, religion plays a …
Persistent link: https://www.econbiz.de/10010723526
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The Impact of Globalization on the Composition of Government Expenditures: Evidence from Panel Data
Dreher, Axel; Sturm, Jan-Egbert; Ursprung, Heinrich - CESifo - 2006
According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (“compensation hypothesis”). Employing two different datasets and various measures of globalization, we analyze … whether globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries, we …
Persistent link: https://www.econbiz.de/10005766280
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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
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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
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Broadband Internet: An Information Superhighway to Sex Crime?
Bhuller, Manudeep; Havnes, Tarjei; Leuven, Edwin; … - CESifo - 2012
-negligible, possibly as a result of increased consumption of pornography. …
Persistent link: https://www.econbiz.de/10010556077