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Estimating the Trade and Welfare Effects of Brexit : A Panel Data Structural Gravity Model

Oberhofer, Harald - 2018

This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit. The suggested Constrained Poisson Pseudo Maximum Likelihood Estimator exhibits some useful properties for trade policy analysis and allows to obtain estimates and confidence...

Persistent link: https://www.econbiz.de/10012926575

How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Roth, Christopher - 2018

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents' expectations we provide them with different professional forecasts about the likelihood...

Persistent link: https://www.econbiz.de/10012911043

He's a Chip Off the Old Block - The Persistence of Occupational Choices Across Generations

Knoll, Bodo; Riedel, Nadine; Schlenker, Eva - 2021

Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects … children who grew up with their biological fathers and those who did not. The results suggest that nurture-related effects … explain a significant fraction of the observed correlation of fathers’ and children’s occupational choices. We discuss policy …

Persistent link: https://www.econbiz.de/10013315709

Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidence on the Voracity Effect

Arezki, Rabah - 2013

This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10013092044

Employment Growth, Inflation and Output Growth : Was Phillips Right? Evidence from a Dynamic Panel

Caporale, Guglielmo Maria - 2013

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10013092691

Stock Markets, Banks and Long Run Economic Growth : A Panel Cointegration-Based Analysis

Cavenaile, Laurent - 2013

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...

Persistent link: https://www.econbiz.de/10013071385

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2015

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

Persistent link: https://www.econbiz.de/10013038262

Spend-and-Tax : A Panel Data Investigation for the EU

Afonso, António - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10013158140

Weak and Strong Cross Section Dependence and Estimation of Large Panels

Chudik, Alexander - 2009

an application to the estimation of panel data models with an infinite number of weak factors and a finite number of …

Persistent link: https://www.econbiz.de/10013158328

Stock Market Integration in Asia : Global or Regional? Evidence from Industry Level Panel Convergence Tests

Caporale, Guglielmo Maria - 2017

This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate (industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised as follows. In the pre-2008 crisis period, no...

Persistent link: https://www.econbiz.de/10012953892