Showing 1 - 10 of 34
to invent tools and methodologies for effective inferences in panel unit root models. Simulations show that our approach …
Persistent link: https://www.econbiz.de/10010574097
between energy sources for a panel of four WAEMU countries; Benin, Côte d’Ivoire, Senegal and Togo, for the period 1970 … the panel as a whole, but no causality between electricity and economic growth, and no substitution between energy sources …
Persistent link: https://www.econbiz.de/10005025727
We consider testing the null hypothesis of no spatial autocorrelation against the alternative of first order spatial autoregression. A Wald test statistic has good first order asymptotic properties, but these may not be relevant in small or moderate-sized samples, especially as (depending on...
Persistent link: https://www.econbiz.de/10011107432
public debt in a panel of low income Sub-Saharan African economies. This supports the hypothesis that debt has some positive …
Persistent link: https://www.econbiz.de/10011259050
In this work we proposed to analyze the problem of individual heterogeneity in panel data and implement resolution to …
Persistent link: https://www.econbiz.de/10011112826
This paper is concerned with the use of the bootstrap for statistics in spatial econometric models, with a focus on the test statistic for Moran’s I test for spatial dependence. We show that, for many statistics in spatial econometric models, the bootstrap can be studied based on...
Persistent link: https://www.econbiz.de/10011117413
To test the existence of spatial dependence in an econometric model, a convenient test is the Lagrange Multiplier (LM) test. However, evidence shows that, in finite samples, the LM test referring to asymptotic critical values may suffer from the problems of size distortion and low power, which...
Persistent link: https://www.econbiz.de/10011190729
We propose a consistent test for a linear functional form against a nonparametric alternative in a fixed effects panel … well for panel data with a large number of cross-sectional units and a finite number of observations across time. …
Persistent link: https://www.econbiz.de/10010730130
We propose a bootstrap method for statistics that are a function of multivariate high frequency returns such as realized regression, covariance and correlation coefficients. We show that the finite sample performance of the bootstrap is superior to the existing first-order asymptotic theory....
Persistent link: https://www.econbiz.de/10011052229
We propose a fast resample method for two step nonlinear parametric and semiparametric models, which does not require recomputation of the second stage estimator during each resample iteration. The fast resample method directly exploits the score function representations computed on each...
Persistent link: https://www.econbiz.de/10010753478