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, called betit, nests both logit and probit and allows for various skewed and peaked disturbance densities. Because the shape … paper considers asymptotic biases of the logit and probit models under conditions where betit should have been used. It also …
Persistent link: https://www.econbiz.de/10011339695
-Oaxaca decomposition analysis for wage differentials. The decomposition method is first developed for a single probit model and later …
Persistent link: https://www.econbiz.de/10011326421
The maximum likelihood estimator for the regression coefficients, β, in a panel binary response model with fixed effects can be severely biased if N is large and T is small, a consequence of the incidental parameters problem. This has led to the development of conditional maximum likelihood...
Persistent link: https://www.econbiz.de/10011764680
It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...
Persistent link: https://www.econbiz.de/10011412718
-product industries with endogenous quality and variety choice. We take advantage of data on physical quantities of outputs and inputs … quality and variety choices may bias standard estimators. Using real exchange rates and variation in the "bite" of the … firms' quality and variety choices, this method yields consistent estimates, free of the quality and variety biases we have …
Persistent link: https://www.econbiz.de/10012390770
Social assistance and inactivity traps have long been considered amongst the main causes of the poor employment performance of EU countries. The success of New Labour has triggered a growing interest in instruments capable of combining the promotion of responsibility and self-sufficiency with...
Persistent link: https://www.econbiz.de/10003297700
This paper analyzes the patent propensity as an outcome of innovative activities of regional SMEs. To achieve the aims … firms designated as innovative SMEs by the government are not performing differently than general firms. Only the CEO … considered to actively promote SMEs innovativeness. …
Persistent link: https://www.econbiz.de/10010470885
entrepreneur in the innovation process. -- Innovation ; microenterprises ; SMEs ; development …
Persistent link: https://www.econbiz.de/10003801015
We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer than 10 employees; usually constituting the majority of firms in industrialized economies. Using the German KfW SME panel, we examine to what extent micro firms are different...
Persistent link: https://www.econbiz.de/10011452418
The lack of awareness of digital services and outcomes is a concern in business environments since small firms need to improve their digital competencies. The present exploratory study investigated whether business apps training was associated with entrepreneurs' and firms' digital advancements....
Persistent link: https://www.econbiz.de/10013172883