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Panel data estimates of the production function and product and labor market imperfections

Dobbelaere, Sabien; Mairesse, Jacques - 2010

likely to vary even within industries, we also investigate firm-level heterogeneity in estimated mark-up and rent …-sharing parameters. To determine the degree of true heterogeneity in these parameters, we adopt the P.A. Swamy (1970) methodology … within-industry firm heterogeneity. We find that firm size, capital intensity, distance to the industry technology frontier …

Persistent link: https://www.econbiz.de/10011377461

Nearly unbiased estimation in dynamic panel data models with exogenous variables

Carree, Martin Anthony - 2002

This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived...

Persistent link: https://www.econbiz.de/10011325972

The importance of accounting for time trends when estimating the Euro effect on trade

Bun, Maurice J. G.; Klaassen, Franc - 2004

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...

Persistent link: https://www.econbiz.de/10011334328

Macroeconomic disasters and forward-looking consumers : historical evidence and evidence from the Covid-19 pandemic

Pozzi, Lorenzo; Sadaba, Barbara - 2021

Macroeconomic disasters (wars, pandemics, depressions) are characterized by drastic shifts and increased volatility of the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to expectations of future income and consumption growth rates....

Persistent link: https://www.econbiz.de/10012511037

Housing returns and intertemporal substitution in consumption : estimates for industrial economies

Pozzi, Lorenzo - 2022

This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for fifteen advanced economies over the postwar period 1950 − 2015. As housing is the main asset for the majority of households, returns on housing are better suited to estimate the...

Persistent link: https://www.econbiz.de/10013279905

Advance information and consumption insurance : evidence from panel data

Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022

We investigate whether US households possess advance information about their future income and what this means for consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which requires only panel data on consumption and income....

Persistent link: https://www.econbiz.de/10013186823

Heterogeneous variable selection in nonlinear panel data models : a semiparametric Bayesian approach

Castelein, Anoek; Fok, Dennis; Paap, Richard - 2020

method additionally allows for other forms of cross-sectional heterogeneity. We consider a two-group approach for the model … Dirichlet process (DP) mixture of multivariate normals (other cross-sectional heterogeneity). We develop our approach for … continuous heterogeneity leads to an improved in-sample and out-of-sample performance and interesting insights. These findings …

Persistent link: https://www.econbiz.de/10012427429

Product and labor market imperfections and scale economies : micro-evidence on France, Japan and the Netherlands

Dobbelaere, Sabien; Kiyota, Kōzō; Mairesse, Jacques - 2013

Persistent link: https://www.econbiz.de/10010191421

Business cycle fluctuations and private savings in OECD countries : a panel data analysis

Adema, Yvonne; Pozzi, Lorenzo - 2012

Persistent link: https://www.econbiz.de/10009724306

Comparing micro-evidence on rent sharing from three different approaches

Dobbelaere, Sabien; Mairesse, Jacques - 2015

Empirical labor economists have resorted to estimating the responsiveness of workers' wages on firms' ability to pay to assess the extent to which employers share rents with their employees. This paper compares this labor economics approach with two other approaches that rely on standard micro...

Persistent link: https://www.econbiz.de/10010532584