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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

Panels with Nonstationary Multifactor Error Structures

Kapetanios, George; Pesaran, M. Hashem; Yamagata, Takashi - 2021

The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … for stationary panel regressions with multifactor error structure. This paper extends this work and examines the important …

Persistent link: https://www.econbiz.de/10013317495

Temporary International Migration, Shocks and Informal Insurance : Analysis Using Panel Data

Chakraborty, Tanika; Pandey, Manish - 2021

We use panel data for rural Kyrgyzstan to examine households' international migration response when faced with shocks …. Using a household fixed effects regression model, we find that while a drought shock increases the likelihood of migration … trade-off between two effects of a shock for a household: loss of income and increase in the need of labor services. We show …

Persistent link: https://www.econbiz.de/10013250256

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 …

Persistent link: https://www.econbiz.de/10013149519

Purchasing Power Parity for Developing and Developed Countries : What can we Learn from Non-Stationary Panel Data Models?

Drine, Imed; Rault, Christophe - 2021

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

Persistent link: https://www.econbiz.de/10013316947

Trade and Worker Deskilling

Dhingra, Swati - 2019

produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate … respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and …

Persistent link: https://www.econbiz.de/10012868799

Identifying Regional Labor Demand Shocks Using Sign Restrictions

Juessen, Falko - 2012

We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states …

Persistent link: https://www.econbiz.de/10013099800

Transmission of US and EU Economic Policy Uncertainty Shock to Asian Economies in Bad and Good Times

Balcilar, Mehmet - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012833241

On the Exposure of the BRIC Countries to Global Economic Shocks

Belke, Ansgar Hubertus - 2017

The financial crisis led to a deep recession in many industrial countries. While large emerging countries recovered relatively quickly from the financial crisis, their performance deteriorated in the recent years, despite the modest recovery in advanced economies. The higher divergence of...

Persistent link: https://www.econbiz.de/10012960257

Real Wages and the Business Cycle in Germany

Marczak, Martyna - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...

Persistent link: https://www.econbiz.de/10013137519