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Consistent Estimation of Linear Panel Data Models with Measurement Error
Meijer, Erik; Spierdijk, Laura; Wansbeek, Tom J. - CESifo - 2015
offers various opportunities to derive moment conditions that result in consistent GMM estimators. We consider three sources …
Persistent link: https://www.econbiz.de/10011122680
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel J. - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825
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Rainy Day Politics -- An Instrumental Variables Approach to the Effect of Parties on Political Outcomes
Lind, Jo Thori - 2014
Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...
Persistent link: https://www.econbiz.de/10013048826
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Did Globalization Influence Credit Market Deregulation?
Eppinger, Peter - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both...
Persistent link: https://www.econbiz.de/10013021420
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The Effectiveness of Taxing Carbon Content of Energy Consumption
Sen, Suphi - 2016
We estimate the long-run effect of a uniform carbon tax on energy consumption by using a new and unique dataset in which effective tax rates of OECD countries are calculated in terms of carbon dioxide emissions. The effective tax rates account for the widely discussed tax deductions for specific...
Persistent link: https://www.econbiz.de/10012984745
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From Late to MTE : Alternative Methods for the Evaluation of Policy Interventions
Cornelissen, Thomas - 2016
This paper provides an introduction into the estimation of Marginal Treatment Effects (MTE). Compared to the existing surveys on the subject, our paper is less technical and speaks to the applied economist with a solid basic understanding of econometric techniques who would like to use MTE...
Persistent link: https://www.econbiz.de/10012985790
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Machine Learning Indices, Political Institutions, and Economic Development
Gründler, Klaus - 2018
We present a new aggregation method - called SVM algorithm - and use this technique to produce novel measures of democracy (186 countries, 1960-2014). The method takes its name from a machine learning technique for pattern recognition and has three notable features: it makes functional...
Persistent link: https://www.econbiz.de/10012920185
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Mediated Terrorism : US News and Al-Qaeda Attacks
Jetter, Michael - 2018
This paper presents an empirical test for the hypothesis that US news coverage of al-Qaeda causes al-Qaeda attacks. To isolate causality, disaster deaths worldwide provide an instrumental variable crowding out al-Qaeda coverage. Studying daily al-Qaeda coverage by CNN, NBC, CBS, and Fox News, as...
Persistent link: https://www.econbiz.de/10012927513
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Globalization and Income Inequality Revisited
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link between globalization and income inequality differs across...
Persistent link: https://www.econbiz.de/10013315438
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Efficiency Gains by Modifying GMM Estimation in Linear Models Under Heteroskedasticity
Kiviet, Jan F.; Feng, Qu - 2021
While coping with nonsphericality of the disturbances, standard GMM suffers from a blind spot for exploiting the most … instance, standard GMM counteracts that exogenous regressors are used as their own optimal instruments. This is easily seen … after transmuting GMM for linear models into IV in terms of transformed variables. It is demonstrated that modified GMM …
Persistent link: https://www.econbiz.de/10013315558