Showing 1 - 10 of 67
as growth models have been different. The major objective of this paper is to compare the policies, institutions … terms of trends and patterns of growth and development, economic models, sources and drivers of growth; achievements …
Persistent link: https://www.econbiz.de/10011444894
The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries...
Persistent link: https://www.econbiz.de/10003763931
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … quantitative models are not likely to be able to predict ratings with complete accuracy. Furthermore, we find that both … quantitative models and rating agencies are likely to produce highly inaccurate predictions of ratings during periods of financial …
Persistent link: https://www.econbiz.de/10003832133
The paper explores the effect of measurement errors on the estimation of a linear panel data model. The conventional fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct consistent and asymptotically normal estimators. In addition, we...
Persistent link: https://www.econbiz.de/10003824983
at the retail banking market. Parametric and non- parametric approaches are employed to produce three models using … logistic regression (parametric) and one model using Classification and Regression Trees (CART, nonparametric). The models are … that parametric as well as non-parametric methods can produce successful models. We are able to obtain similar results even …
Persistent link: https://www.econbiz.de/10003910674
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are assigned lower ratings, ceteris paribus, than "old" ones. We...
Persistent link: https://www.econbiz.de/10003974520
Persistent link: https://www.econbiz.de/10003495629
Persistent link: https://www.econbiz.de/10003497528
Persistent link: https://www.econbiz.de/10003499719
The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...
Persistent link: https://www.econbiz.de/10003301163