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Blume, Lawrence E.; Brock, William A.; Durlauf, Steven N.; … - Department of Economics and Finance Research and … - 2013

This paper provides a systematic analysis of identification in linear social interactions models. This is both a … of those models. We consider identification of both endogenous (peer) and contextual social effects under alternative … individual-level and aggregated data. Finally, we discuss potential ramifications for identification of endogenous group …

Persistent link: https://www.econbiz.de/10010860380

Identification of Social Interactions

Blume, Lawrence E.; Brock, William A.; Durlauf, Steven N.; … - Department of Economics and Finance Research and … - 2010

of the identification of social interactions. We consider linear and discrete choice models as well as social networks … identification literature, we indicate areas where additional research is especially needed and suggest some directions that appear …

Persistent link: https://www.econbiz.de/10008694999

Consistent Estimation of Global VAR Models

Mutl, Jan - Department of Economics and Finance Research and … - 2009

In this paper, I propose an instrumental variable (IV) estimation procedure to estimate global VAR (GVAR) models and show that it leads to consistent and asymptotically normal estimates of the parameters. I also provide computationally simple conditions that guarantee that the GVAR model is stable.

Persistent link: https://www.econbiz.de/10005764171

Testing Nonlinear New Economic Geography Models

Bode, Eckhardt; Mutl, Jan - Department of Economics and Finance Research and … - 2010

We test a New Economic Geography (NEG) model for U.S. counties, employing a new strategy that allows us to bring the full NEG model to the data, and to assess selected elements of this model separately. We find no empirical support for the full NEG model. Regional wages in the U.S. do not...

Persistent link: https://www.econbiz.de/10008580425

Does Schooling Improve Cognitive Functioning at Older Ages?

Schneeweis, Nicole; Skirbekk, Vegard; Winter-Ebmer, Rudolf - Department of Economics and Finance Research and … - 2012

We study the relationship between education and cognitive functioning at older ages by exploiting compulsory schooling reforms, implemented in six European countries during the 1950s and 1960s. Using data of individuals aged 50+ from the Survey of Health, Aging and Retirement in Europe (SHARE),...

Persistent link: https://www.econbiz.de/10010860381

More Schooling, More Children

Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf - Department of Economics and Finance Research and … - 2011

We study the relationship between education and fertility, exploiting compulsory schooling reforms in Europe as source of exogenous variation in education. Using data from 8 European countries, we assess the causal effect of education on the number of biological kids and the incidence of...

Persistent link: https://www.econbiz.de/10009401961

Parameter Estimation and Inference with Spatial Lags and Cointegration

Mutl, Jan; Sögner, Leopold - Department of Economics and Finance Research and … - 2013

We study dynamic panel data models where the long run outcome for a particular crosssection is affected by a weighted average of the outcomes in the other cross-sections. We show that imposing such a structure implies several cointegrating relationships that are nonlinear in the coefficients to...

Persistent link: https://www.econbiz.de/10010904373

Aggregate and Regional Economic Effects of New Railway Infrastructure

Polasek, Wolfgang; Schwarzbauer, Wolfgang; Sellner, Richard - Department of Economics and Finance Research and … - 2009

Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favourable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econom(etr)ic evaluation...

Persistent link: https://www.econbiz.de/10005079114

Age-structured Human Capital and Spatial Total Factor Productivity Dynamics

Mishra, Tapas; Jumah, Adusei; Parhi, Mamata - Department of Economics and Finance Research and … - 2008

This paper models total factor productivity (TFP) in space and proposes an empirical model for TFP interdependence across spatial locations. The interdependence is assumed to occur due to age-structured human capital dynamics. A semi-parametric spatial vector autoregressive framework is...

Persistent link: https://www.econbiz.de/10005764137

Growth Regressions, Principal Components and Frequentist Model Averaging

Wagner, Martin; Hlouskova, Jaroslava - Department of Economics and Finance Research and … - 2009

This paper offers two innovations for empirical growth research. First, the paper discusses principal components augmented regressions to take into account all available information in well-behaved regressions. Second, the paper proposes a frequentist model averaging framework as an alternative...

Persistent link: https://www.econbiz.de/10005764175