Similar Search Results

Total Factor Productivity and the Role of Entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Institute

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...

Persistent link: https://www.econbiz.de/10005016255

A Non-Gaussian Panel Time Series Model for Estimating and Decomposing Default Risk

Koopman, Siem Jan; Lucas, André; Daniels, Robert - Tinbergen Institute - 2005

We model 1981–2002 annual US default frequencies for a panel of firms in different rating and age classes. The data is decomposed into a systematic and firm-specific risk component, where the systematic component reflects the general economic conditions and default climate. We have to cope...

Persistent link: https://www.econbiz.de/10005137260

The Weak Instrument Problem of the System GMM Estimator in Dynamic Panel Data Models

Bun, Maurice J.G.; Windmeijer, Frank - Tinbergen Institute - 2009

The system GMM estimator for dynamic panel data models combines moment conditions for the model in first differences … with moment conditions for the model in levels. It has been shown to improve on the GMM estimator in the first differenced … results are shown to extend to the panel data GMM estimators. …

Persistent link: https://www.econbiz.de/10008531426

Nearly Unbiased Estimationin Dynamic Panel Data Models

Carree, Martin A. - Tinbergen Institute - 2002

This paper introduces two easy to calculate estimators with desirable properties for the autoregressive parameter in dynamic panel data models. The estimators are (nearly) unbiased and perform satisfactorily even for small samples in either the time-series or cross-section dimension.

Persistent link: https://www.econbiz.de/10005137107

Identifying Reduced-Form Relations with Panel Data

Vollebergh, Herman R.J.; Melenberg, Bertrand; … - Tinbergen Institute - 2007

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent (parametric and non-parametric) empirical findings. We explain why lack of identification lies at the root of these differences. To...

Persistent link: https://www.econbiz.de/10005137196

A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Institute - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross-sectional heterogeneity. Despite these differences, a rate of...

Persistent link: https://www.econbiz.de/10005144527

Generalized Reduced Rank Tests using the Singular Value Decomposition

Kleibergen, Frank; Paap, Richard - Tinbergen Institute - 2003

We propose a novel statistic to test the rank of a matrix. The rank statistic overcomes deficiencies of existing rank statistics, like: a Kronecker covariance matrix for the canonical correlation rank statistic of Anderson [Annals of Mathematical Statistics (1951), 22, 327–351] sensitivity to...

Persistent link: https://www.econbiz.de/10005137340

The More Business Owners the Merrier? The Role of Tertiary Education

Praag, Mirjam van; Stel, Andre van - Tinbergen Institute - 2011

Policy in developed countries is often based on the assumption that higher business ownership rates induce economic value. Recent microeconomic empirical evidence casts doubts on the validity of this assumption or, at least, leads to a more nuanced view: Especially the top performing business...

Persistent link: https://www.econbiz.de/10009147077

Variable Selection and Functional Form Uncertainty in Cross-Country Growth Regressions

Salimans, Tim - Tinbergen Institute - 2011

Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the uncertainty in selecting explanatory variables and the uncertainty in specifying the functional form of the regression function. Most discussions in the literature address these...

Persistent link: https://www.econbiz.de/10008838591

Optimal Management with Potential Regime Shifts

Polasky, Stephen; Zeeuw, Aart de; Wagener, Florian - Tinbergen Institute - 2010

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...

Persistent link: https://www.econbiz.de/10008838597

1
2
3
4
5
6
7
8
9
Next
Last