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This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...
Persistent link: https://www.econbiz.de/10009347974
estimation bias resulting from unobserved district-specific influences. …
Persistent link: https://www.econbiz.de/10010406692
In this paper a new method to estimate the equivalence scale elasticity using individual panel data on income … cardinal individual welfare function has to be specified. In addition, panel data enables different scale use by the …
Persistent link: https://www.econbiz.de/10011433806
This article proposes an estimation approach for panel models with mixed continuous and ordered categorical outcomes … qualification in terms of income and perceived job security in a nine-year period based on the German Socio-Economic Panel (SOEP …
Persistent link: https://www.econbiz.de/10003304412
We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … ; spatial correlation ; spatial panel model …
Persistent link: https://www.econbiz.de/10003807457
wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … income hypothesis ; panel cointegration ; wealth effects …
Persistent link: https://www.econbiz.de/10003823967
Using a firm-level panel data set I assess whether dynamic models of in- vestment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …
Persistent link: https://www.econbiz.de/10003883175
bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to …
Persistent link: https://www.econbiz.de/10003411717
. Our further contribution to the literature is that next to the usual panel data models such as pooled and within models we … advantage of the panel dimension, given the short sample for which the data are available, and hence gain efficiency and …
Persistent link: https://www.econbiz.de/10003426277
, the author performs a dynamic panel estimation using a System GMM estimator fully developed in Blundell and Bond (1998 … rate regimes facilitate current account adjustments. Using a FGLS estimator with fixed effects and panel corrected standard …
Persistent link: https://www.econbiz.de/10003974473