We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic …

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using …

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 …

we demonstrate that in this extended setup Probit estimation on panel data sets does not pose a specific problem. The …Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects …

matched firm-worker panel and a matched firm-transaction panel. Our data set follows the population of manufacturing firms and …

This paper analyzes wage decomposition methodology in the context of panel data sample selection embedded in a … correlated random effects setting. Identification issues unique to panel data are examined for their implications for wage … decompositions. As an empirical example, we apply our methodology to German Socio-Economic Panel (GSOEP) data with which we …

new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976 …