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Panel nonparametric regression with fixed effects
Lee, Jungyoon; Robinson, Peter - London School of Economics (LSE) - 2015
Nonparametric regression is developed for data with both a temporal and a cross-sectional dimension. The model includes additive, unknown, individual-specific components and allows also for cross-sectional and temporal dependence and conditional heteroscedasticity. A simple nonparametric...
Persistent link: https://www.econbiz.de/10011268330
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Efficient inference on fractionally integrated panel data models with fixed effects
Robinson, Peter M.; Velasco, Carlos - London School of Economics (LSE) - 2015
A dynamic panel data model is considered that contains possibly stochastic individual components and a common … stochastic time trend that allows for stationary and nonstationary long memory and general parametric short memory. We propose … to bias caused by the individual effects, or by the consequences of eliminating them, which appears in the central limit …
Persistent link: https://www.econbiz.de/10011171755
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The value of bosses
Lazear, Edward P.; Shaw, Kathryn L. - London School of Economics (LSE) - 2014
How and by how much do supervisors enhance worker productivity? Using a company-based data set on the productivity of technology-based services workers, supervisor effects are estimated and found to be large. Replacing a boss who is in the lower 10% of boss quality with one who is in the upper...
Persistent link: https://www.econbiz.de/10011126013
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Investigating rationality in wage-setting
Bhalotra, Sonia - London School of Economics (LSE) - 1998
This paper investigates the efficiency wage hypothesis and derives a tractable expression for the profit loss incurred by deviations from the efficiency wage. The extent of the wage deviation can be inferred from production function parameters. The resulting profit loss shown to depend upon the...
Persistent link: https://www.econbiz.de/10010928709
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Uncertainty and investment dynamics
Van Reenen, John; Bloom, Nick; Bond, Steve - London School of Economics (LSE) - 2006
decisions and time, and also empirically for a panel of manufacturing firms. These cautionary effects of uncertainty are large … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment …
Persistent link: https://www.econbiz.de/10010928730
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Minority representation and policy choices: the significance of legislator identity
Pande, Rohini - London School of Economics (LSE) - 1999
Disadvantaged groups tend also to constitute population minorities. One consequence of this is that the policies implemented by electorally accountable governments often fail to reflect minority interests. A policy solution is to enhance the political power of minority groups as a vehicle for...
Persistent link: https://www.econbiz.de/10010928746
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Cross-country growth comparison : theory to empirics
Quah, Danny - London School of Economics (LSE) - 2000
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct...
Persistent link: https://www.econbiz.de/10011071327
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A model for long memory conditional heteroscedasticity
Giraitis, Liudas; Robinson, Peter; Surgailis, Donatas - London School of Economics (LSE) - 2000
Persistent link: https://www.econbiz.de/10010884579
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Robust income distribution estimation with missing data
Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 2001
With income distributions it is common to encounter the problem of missing data. When a parametric model is fitted to the data, the problem can be overcome by specifying the marginal distribution of the observed data. With classical methods of estimation such as the maximum likelihood (ML) an...
Persistent link: https://www.econbiz.de/10010928590
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Efficient estimation of the semiparametric spatial autoregressive model
Robinson, Peter M. - London School of Economics (LSE) - 2007
Efficient semiparametric and parametric estimates are developed for a spatial autoregressive model, containing nonstochastic explanatory variables and innovations suspected to be non-normal. The main stress is on the case of distribution of unknown, nonparametric, form, where series...
Persistent link: https://www.econbiz.de/10010928599