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Political Economy of Infrastructure Investment: A Spatial Approach

Meagher, Kieron; Ghosh, Arghya - Econometric Society - 2004

The importance of infrastructure for growth is well established in the macroeconomic literature. Previous research has treated public investment in infrastructure as exogenous. We remedy this shortcoming by providing a political economy analysis of infrastructure choice based upon consumer...

Persistent link: https://www.econbiz.de/10005702622

Lines in the Sand on the Australian Political Beach

Fry, Tim R.L.; Davidson, Sinclair; Farrell, Lisa - Econometric Society - 2004

Spatial models of voting behaviour are the dominant paradigm in political science. Consistent with this approach, it … question is how we measure nearness or distance. We investigate this issue by estimating discrete choice models for voting … almost as good a predictor of their voting outcome as how close they are to the parties …

Persistent link: https://www.econbiz.de/10005342137

Bargaining and vetoing

Sung, Hankyoung - Econometric Society - 2004

This paper studies the bargaining game between the president and the congress when these two players have conflicting claims to a fixed amount of resources. I distinguish between situations of "pure divided government", that is when the congress is united "against" the president, and the...

Persistent link: https://www.econbiz.de/10005342324

Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations

Albuquerque, Pedro H. - Econometric Society - 2004

place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also …

Persistent link: https://www.econbiz.de/10005328881

Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations

Albuquerque, Pedro H. - Econometric Society - 2004

place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also …

Persistent link: https://www.econbiz.de/10005086426

Should Educational Policies Be Regressive?

Moreira, Humberto; Gottlieb, Daniel - Econometric Society - 2004

In this paper, we show that when the government is able to transfer wealth between generations, regressive policies are no longer optimal. The optimal educational policy can be decentralized through appropriate Pigouvian taxes and credit provision, is not regressive, and provides equality of...

Persistent link: https://www.econbiz.de/10005063731

Non-Markovian Regime Switching with Endogenous States and Time-Varying State Strengths

Dueker, Michael - Econometric Society - 2004

This article presents a non-Markovian regime switching model in which the regime states depend on the sign of an autoregressive latent variable. The magnitude of the latent variable indexes the `strength' of the state or how deeply the system is embedded in the current regime. The autoregressive...

Persistent link: https://www.econbiz.de/10005328913

A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables

Sauer, Robert M.; Keane, Michael P. - Econometric Society - 2004

This paper develops a new simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can deal with the commonly encountered and widely discussed ``initial conditions problem,'' as well as the...

Persistent link: https://www.econbiz.de/10005342235

Dynamic time series binary choice

Woutersen, Tiemen; Jong, Robert M. de - Econometric Society - 2004

This paper considers dynamic time series binary choice models. It shows in a time series setting the validity of the dynamic probit likelihood procedure when lags of the dependent binary variable are used as regressors, and it establishes the asymptotic validity of Horowitz' smoothed maximum...

Persistent link: https://www.econbiz.de/10005342241

Panel Data Sample Selection Model: an Application to Employee Choice of Health Plan Type and Medical Cost Estimation

Ahn, Jeonghoon - Econometric Society - 2004

This paper utilizes a nonparametric panel data sample selection model to correct selection bias in the analysis of longitudinal medical claims data. Selection bias in the health economics data is a common problem and many health economists have used Heckman type selection models in...

Persistent link: https://www.econbiz.de/10005342305