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EXCHANGE RATE REGIMES AND FISCAL PERFORMANCE. DO FIXED EXCHANGE RATE REGIMES GENERATE MORE DISCIPLINE THAN FLEXIBLE ONES?
Vuletin, Guillermo J. - Econometric Society - 2004
fixed and flexible exchange rates. For these ends, a sample of 83 countries for the 1974-1998 period, the GMM methodology …
Persistent link: https://www.econbiz.de/10005328952
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Capital account openness, political institutions and FDI in the MENA region: An empirical investigation
Gammoudi, Mouna; Cherif, Mondher - Institut für Weltwirtschaft (IfW) - 2015
authors use the System Generalized-Method-of-Moments (GMM) estimator developed for the dynamic panel model for a sample of 17 …
Persistent link: https://www.econbiz.de/10011185915
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GMM with Many Moment Conditions
Phillips, Peter C. B.; Han, Chirok - Econometric Society - 2004
This paper provides a first order asymptotic theory for generalized method of moments (GMM) estimators when the number … regularity conditions, the GMM estimators are shown to converge in probability but not necessarily to the true parameter. A … not correspond to the true parameter. Conditions under which GMM estimators are consistent under such circumstances are …
Persistent link: https://www.econbiz.de/10005342348
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A New Global Index of Infrastructure: Construction, Rankings and Applications
Donaubauer, Julian; Meyer, Birgit; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014
We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...
Persistent link: https://www.econbiz.de/10010886848
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World financial liberalization and its effects on capital flows
Santana, José Ricardo; Garcia, Fernando - Econometric Society - 2004
This paper investigates the determining factors in private capital flow, differentiating foreign direct investment (FDI) from other flows and emphasizing the role of financial liberalization and. Two reasons brought about this examination. The first is the substantial increase in private capital...
Persistent link: https://www.econbiz.de/10005699642
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Through which channels can remittances spur economic growth in MENA countries?
Mim, Sami Ben; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012
This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 1980-2009. The findings provide new robust evidence on how remittances are used in...
Persistent link: https://www.econbiz.de/10009646511
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A Multi-Level Panel Smooth Transition Autoregression for US Sectoral Production
Franses, P.H.; Fok, D.; Dijk, D. van - Econometric Society - 2004
Macroeconomic time series are often obtained as an aggregate across regions or economic sectors. Even when the ultimate goal is to forecast the aggregate series it may be beneficial to consider the underlying disaggregate series. This especially holds when the disaggregate series are generated...
Persistent link: https://www.econbiz.de/10005130166
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Stochastic Frontier Models With Correlated Error Components
Smith, Murray D - Econometric Society - 2004
In the productivity modelling literature, the disturbances U (representing technical inefficiency) and V (representing noise) of the composite error W=V-U of the stochastic frontier model are assumed to be independent random variables. By employing the copula approach to statistical modelling,...
Persistent link: https://www.econbiz.de/10005702594
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FDI and health in developed economies: a panel cointegration analysis
Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012
This paper examines the long-run effect of FDI on health in developed countries. Using panel cointegration techniques, we find a significant and negative long-run effect
Persistent link: https://www.econbiz.de/10009653070
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FDI and Income Inequality: Evidence from a Panel of US States
Chintrakarn, Pandej; Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2010
This study employs state-level panel data to explore the relationship between inward foreign direct investment (FDI) and income inequality in the United States. Using panel cointegration techniques that allow for cross-sectional heterogeneity, cross-sectional dependence, and endogenous...
Persistent link: https://www.econbiz.de/10008478301