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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013129942
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Bayesian Exploratory Factor Analysis
Conti, Gabriella - 2014
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
Persistent link: https://www.econbiz.de/10013049750
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Estimating the Technology of Cognitive and Noncognitive Skill Formation
Cunha, Flavio - 2010
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10013148325
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Regional Policy Evaluation : Interactive Fixed Effects and Synthetic Controls
Gobillon, Laurent - 2013
In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained by Bai (2009)'s least squares method with the popular difference in difference estimates as well as with estimates obtained using...
Persistent link: https://www.econbiz.de/10013078823
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Quantile Factor Models
Chen, Liang; Dolado, Juan Jose; Gonzalo, Jesús - 2021
Quantile factor models (QFM) represent a new class of factor models for high-dimensional panel data. Unlike approximate factor models (AFM), which only extract mean factors, QFM also allow unobserved factors to shift other relevant parts of the distributions of observables. We propose a quantile...
Persistent link: https://www.econbiz.de/10013314969
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Infinite Dimensional VARs and Factor Models
Chudik, Alexander; Pesaran, M. Hashem - 2021
This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10013316638
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A Factorial Survey on the Justice of Earnings within the Soep-Pretest 2008
Sauer, Carsten - 2010
In the 2008 Socio-Economic Panel Study (SOEP) Pretest, the factorial survey method was tested for the first time for use in the SOEP longitudinal study. In this paper, we describe the construction and application of the vignette module, which has its origins in the field of justice research and...
Persistent link: https://www.econbiz.de/10013149519
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Wage Inequality and Returns to Education in Turkey : A Quantile Regression Analysis
Tansel, Aysit - 2011
This paper investigates the male wage inequality and its evolution over the 1994-2002 period in Turkey by estimating … Mincerian wage equations using OLS and quantile regression techniques. Male wage inequality is high in Turkey. While it declined …
Persistent link: https://www.econbiz.de/10013131425
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Macroeconomic Impact of Remittances on Output Growth : Evidence from Turkey
Tansel, Aysit - 2010
on key macro variables such as consumption, investment, imports and income in Turkey. The estimated impact and dynamic …
Persistent link: https://www.econbiz.de/10013134982
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Comparative Essay on Returns to Education in Palestine and Turkey
Tansel, Aysit - 2011
This study exposes a comparative treatment of the private returns to education in Palestine and Turkey over the period … different sectors of employment. The results suggest that returns to schooling are higher for Turkey at the various levels of … than 2004 levels for all levels of education; the pattern is less obvious for Turkey across the various levels. However …
Persistent link: https://www.econbiz.de/10013121333