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Bayesian inference for duration data with unobserved and unknown heterogeneity : Monte Carlo evidence and an application
Paserman, Marco Daniele - 2004
This paper describes a semiparametric Bayesian method for analyzing duration data. The proposed estimator specifies a complete functional form for duration spells, but allows flexibility by introducing an individual heterogeneity term, which follows a Dirichlet mixture distribution. I show how...
Persistent link: https://www.econbiz.de/10010276176
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Robust estimation of linear fixed effects panel data models with an application to the exporter productivity premium
Verardi, Vincenzo; Wagner, Joachim - 2010
In empirical studies it often happens that some variables for some units are far away from the other observations in the sample. These extreme observations, or outliers, often have a large impact on the results of statistical analyses - conclusions based on a sample with and without these units...
Persistent link: https://www.econbiz.de/10010269751
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On identification of Bayesian DSGE models
Koop, Gary; Pesaran, Hashem; Smith, Ron P. - 2011
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a...
Persistent link: https://www.econbiz.de/10010278760
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Bayesian procedures as a numerical tool for the estimation of dynamic discrete choice models
Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - 2012
Dynamic discrete choice models usually require a general specification of unobserved heterogeneity. In this paper, we apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which is typical for common household panels. We provide...
Persistent link: https://www.econbiz.de/10010282308
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Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing
Acemoglu, Daron; Autor, David; Dorn, David; Hanson, … - 2014
rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …
Persistent link: https://www.econbiz.de/10010333318
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Economic Reforms and Productivity-Enhancing Reallocation in the Post-Soviet Transition
Brown, J. David; Earle, John S. - 2004
How do economic reforms affect resource reallocation processes and their contributions to productivity growth? This … rates that bore little relationship to relative labor and multifactor productivity across firms. Since reforms began …, resource flows have increased in both countries, and their contributions to aggregate productivity growth have become …
Persistent link: https://www.econbiz.de/10010261809
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Reforms and Productivity Dynamics in Chinese State-Owned Enterprises
McGoldrick, Peter; Walsh, Patrick Paul - 2004
and operate on international markets) on the productivity dynamics of enterprises. Using a unique balanced panel of 681 … show that exposure to deep reform have lead to higher productivity realisations while remaining under state ownership. …
Persistent link: https://www.econbiz.de/10010261956
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Distance to the Efficiency Frontier and FDI Spillovers
Peter, Klara Sabirianova; Svejnar, Jan; Terrell, Katherine - 2004
We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...
Persistent link: https://www.econbiz.de/10010262073
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North-South Technology Diffusion, Regional Integration, and the Dynamics of the ?Natural Trading Partners? Hypothesis
Schiff, Maurice; Wang, Yanling - 2004
Korea, Mexico and Poland. Using industry-level data, we show that i) technology diffusion and productivity gains tend to be …
Persistent link: https://www.econbiz.de/10010262129
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Co-Determination, Efficiency, and Productivity
FitzRoy, Felix R.; Kraft, Kornelius - 2004
We present the first panel estimates of the productivity effects of the unique German institution of parity, board … job satisfaction, we find positive productivity effects of the 1976 extension to parity codetermination in large firms. …
Persistent link: https://www.econbiz.de/10010262174