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Panel Unit Root Tests under Cross- sectional Dependence
Das, Samarjit; Breitung, Joerg - Econometric Society - 2004
In this paper alternative approaches for testing the unit root hypothesis in panel data are considered. First, a robust … local alternatives is compared. To adjust for short-run serial correlation of the errors, a pre-whitening procedure is …
Persistent link: https://www.econbiz.de/10005063717
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Cointegration versus Spurious Regression in Heterogeneous Panels
Urga, Giovanni; Trapani, Lorenzo - Econometric Society - 2004
We consider the issue of cross sectional aggregation in nonstationary, heterogeneous panels where each unit cointegrates. We first derive the asymptotic properties of the aggregate estimate, and a necessary and sufficient condition for cointegration to hold in the aggregate relationship. We also...
Persistent link: https://www.econbiz.de/10005702609
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Stopping Tests in the Sequential Estimation for Multiple Structural Breaks
Urga, Giovanni; Peretti, Christian de - Econometric Society - 2004
In this paper, we propose the use of bootstrapping methods to obtain correct critical values for dating breaks. Following the procedure proposed in Banerjee, Lazarova and Urga (1998), we consider the case of estimating a system with two or more marginal processes and a conditional process....
Persistent link: https://www.econbiz.de/10005328868
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What Determines Foreign Direct Investment? An Empirical Investigation
Larrain, Felipe - Econometric Society - 2004
on the determinants of FDI are studied through a panel data for a large group of countries between the years 1980 and …
Persistent link: https://www.econbiz.de/10005328884
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Joint estimation of sequential labor force participation and fertility decisions using Markov chain Monte Carlo techniques
Buddelmeyer, Hielke; Troske, Kenneth - Econometric Society - 2004
a correlation between participation and fertility decisions throughout lifetime. They may further induce differences in … dichotomous fertility decisions are represented by a multivariate probit model with a general correlation structure. The model … allows for a high degree of flexibility in modeling the correlation between labor force participation and fertility decisions …
Persistent link: https://www.econbiz.de/10005328989
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A Dynamic Analysis of the Evolution of Conventions in a Public Goods Experiment with Intergenerational Advice
Graziano, Sara; Chaudhuri, Ananish; Maitra, Pushkar - Econometric Society - 2004
analysing the data by estimating a panel regression model that enables us to understand the dynamics of the process better and …
Persistent link: https://www.econbiz.de/10005342167
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Is There a "Race-to-the-Bottom" in the Setting of Welfare Benefit Levels? Evidence from a Policy Intervention
Edmark, Karin; Dahlberg, Matz - Econometric Society - 2004
In this paper we investigate whether local governments react on the welfare benefit levels in neighboring jurisdictions when setting their own benefit levels. We solve the simultaneity problem arising from the welfare game by utilizing a policy intervention; more specifically, we use a centrally...
Persistent link: https://www.econbiz.de/10005342208
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Measuring Economies of Vertical Integration in Network
Reynaud, Arnaud; Garcia, Serge; Moreaux, Michel - Econometric Society - 2004
the vertical economies resulting from market imperfections. To illustrate our analyze, we use consistent panel data …
Persistent link: https://www.econbiz.de/10005342268
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National Security and International Trade
Kang, Heejoon; Fratianni, Michele - Econometric Society - 2004
The September 11, 2001 terrorist attack to the twin towers and ensuing heightened national security measures worldwide, but particularly in the United States, are modeled to be equivalent to a thickening of trade barriers in international trade. By estimating a gravity model with a stochastic...
Persistent link: https://www.econbiz.de/10005342301
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A Zero-inflated Negative Binomial Regression Model with Hidden Markov Chain
Wang, Peiming - Econometric Society - 2004
This paper proposes a regression model for analysis of panel count data with the presence of excess zeros relative to a …
Persistent link: https://www.econbiz.de/10005342331