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new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976 …
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in income inequality. An alternative is to assess patterns of panel income changes. We derive theoretical conditions … reconciling changes in inequality together with various measures of convergent/divergent panel income changes. For a large number … of inequality indices, as well as for Lorenz curves: we show that rising inequality can coexist with convergent panel …
Persistent link: https://www.econbiz.de/10012835275
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
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Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …
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We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using …
Persistent link: https://www.econbiz.de/10013136709
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …
Persistent link: https://www.econbiz.de/10013137243