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The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10010271575
thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10010267663
new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976 …
Persistent link: https://www.econbiz.de/10010271800
This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in … addition the estimation of the number of factors as well as the factors themselves. Small sample properties of the proposed …
Persistent link: https://www.econbiz.de/10010276263
This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana (2008) for single structural break...
Persistent link: https://www.econbiz.de/10010282306
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10010269032
discrete choice panel data model controlling for unobserved heterogeneity to simultaneously estimate labor supply and the …
Persistent link: https://www.econbiz.de/10010267594
obtain consistent estimates in the presence of a dynamic panel data model, a firstdifferences GMM estimator and a transformed …
Persistent link: https://www.econbiz.de/10010261624
estimate a panel data model where immigrants can choose whether to stay or leave a country. The model is estimated using the … German Socio-Economic Panel (GSOEP). Outmigrants are found to have significantly lower labor market earnings and work …
Persistent link: https://www.econbiz.de/10010261828
Using panel data taken from the NLSY, I perform the joint estimation of i) a reduced-form dynamic model of the …
Persistent link: https://www.econbiz.de/10010261843