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Maximum likelihood estimation and lagrange multiplier tests for panel seemingly unrelated regressions with spatial lag and spatial errors: An application to hedonic housing prices...
Baltagi, Badi H.; Bresson, Georges - 2010
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 …
Persistent link: https://www.econbiz.de/10010274576
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10010276685
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Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and the private sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the …
Persistent link: https://www.econbiz.de/10010268746
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Smoking persistence across countries: an analysis using semi-parametric dynamic panel data models with selectivity
Christelis, Dimitris; Sanz-de-Galdeano, Anna - 2009
We study smoking persistence in ten countries using data from the European Community Household Panel. Such persistence … two by using semi-parametric dynamic panel data methods applied to both the decision to smoke or not and to the decision …
Persistent link: https://www.econbiz.de/10010276467
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House prices and employment reallocation: international evidence
Bover, Olympia; Jimeno, Juan F. - 2007
Over the last decade house prices increased remarkably in many countries. However, while in several countries there was an employment boom in the construction sector, in others the share of employment in this sector did not significantly change. In this paper we estimate a model of labor demand...
Persistent link: https://www.econbiz.de/10010268127
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Valuing school quality via a school choice reform
Machin, Stephen; Salvanes, Kjell G. - 2010
Among policymakers, educators and economists there remains a strong, sometimes heated, debate on the extent to which good schools matter. This is seen, for instance, in the strong trend towards establishing accountability systems in education in many countries across the world. In this paper, in...
Persistent link: https://www.econbiz.de/10010269399
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Immigration and housing booms: evidence from Spain
González Luna, Libertad; Ortega, Francesc - 2009
We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave. We exploit the variation in immigration across...
Persistent link: https://www.econbiz.de/10010269418
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The impact of population ageing on house prices: A micro-simulation approach
Chen, Yu; Gibb, Kenneth D.; Leishman, Chris; Wright, … - 2012
estimated with panel data from the British Household Panel Survey covering the period 1999-2008. The estimates are then used to …
Persistent link: https://www.econbiz.de/10010284002
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Purchasing power parity for developing and developed countries: what can we learn from non-stationary panel data models?
Drine, Imed; Rault, Christophe - 2007
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …
Persistent link: https://www.econbiz.de/10010268121
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International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
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