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GMM Estimation of Short Dynamic Panel Data Models With Error Cross-Sectional Dependence
Sarafidis, Vasilis - Volkswirtschaftliche Fakultät, … - 2009
This paper considers the issue of GMM estimation of a short dynamic panel data model when the errors are correlated … for the dynamic panel GMM estimator to remain consistent. To this end, we demonstrate that cross-sectional independence … structure dependence does not. Consequently, the dynamic panel GMM estimator is consistent only in the first case. Under cross …
Persistent link: https://www.econbiz.de/10008645129
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R&D Spillovers Effects on strategic behaviour of Large International Firms
Aldieri, Luigi; Aprile, Maria Carmela; Vinci, Concetto Paolo - Volkswirtschaftliche Fakultät, … - 2015
This study contributes to existing literature on firms’ innovative activity examining the relationship between the R&D rivalry and spillovers at the firm level. In particular, we present an empirical analysis in United States, Japan and Europe based upon a new dataset composed of 879 worldwide...
Persistent link: https://www.econbiz.de/10011234842
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Asymmetric fuel price responses under heterogeneity
Balaguer, Jacint; Ripollés, Jordi - Volkswirtschaftliche Fakultät, … - 2013
We explore the effect of cross-sectional aggregation of data on estimation and test of asymmetric retail fuel price responses to wholesale price shocks. The analysis is performed on data collected daily from individual fuel stations in the Spanish metropolitan areas of Madrid and Barcelona....
Persistent link: https://www.econbiz.de/10011260743
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Regional Tourism Competition in the Baltic States: a Spatial Stochastic Frontier Approach
Pavlyuk, Dmitry - Volkswirtschaftliche Fakultät, … - 2010
This paper aimed at a statistical analysis of competition for tourists between regions within Baltic states (Estonia, Latvia, Lithuania) and estimation relative efficiency levels of regions. We apply a modern approach called Spatial Stochastic Frontier and corresponded to spatial modification of...
Persistent link: https://www.econbiz.de/10008642666
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Food environment and childhood obesity: The effect of dollar stores
Drichoutis, Andreas C.; Nayga, Rodolfo M.; Rouse, Heather L. - Volkswirtschaftliche Fakultät, … - 2014
In this paper we examine the effect of dollar stores on children's Body Mass Index (BMI). We use a dataset compiled by the Arkansas Center for Health Improvement which created and implemented the BMI screening process for all public school children in the state of Arkansas. We combine propensity...
Persistent link: https://www.econbiz.de/10011185698
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Multifactor asset pricing with a large number of observable risk factors and unobservable common and group-specific factors
Bai, Jushan; Ando, Tomohiro - Volkswirtschaftliche Fakultät, … - 2013
This paper analyzes multifactor models in the presence of a large number of potential observable risk factors and unobservable common and group-specific pervasive factors. We show how relevant observable factors can be found from a large given set and how to determine the number of common and...
Persistent link: https://www.econbiz.de/10011107278
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Equilibrio regional y patrones de migración para el continente americano 1960 - 2005: Análisis espacial por panel de datos
Enríquez Sierra, Hernán; Campo Robledo, Jacobo - Volkswirtschaftliche Fakultät, … - 2012
The paper analyzes the migration dynamics in Americas from 1960 to 2005 using an equilibrium approach as is proposed in Sjaastad (1969) y Todaro (1969). With recent spatial econometrics techniques the migration flow is evaluated, controlling for labor mobility effect and regional wages....
Persistent link: https://www.econbiz.de/10011109418
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Spatial panel data models with common shocks
Bai, Jushan; Li, Kunpeng - Volkswirtschaftliche Fakultät, … - 2013
Spatial effects and common-shocks effects are of increasing empirical importance. Each type of effect has been analyzed separately in a growing literature. This paper considers a joint modeling of both types. Joint modeling allows one to determine whether one or both of these effects are...
Persistent link: https://www.econbiz.de/10011110462
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Food environment and childhood obesity: The effect of dollar stores
Drichoutis, Andreas C.; Nayga, Rodolfo M.; Rouse, Heather L. - Volkswirtschaftliche Fakultät, … - 2014
In this paper we examine the effect of dollar stores on children's Body Mass Index (BMI). We use data from a dataset compiled by the Arkansas Center for Health Improvement which created and implemented the BMI screening process for all public school children in the state of Arkansas. We combine...
Persistent link: https://www.econbiz.de/10011112602
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Efficient Estimation of Approximate Factor Models
Bai, Jushan; Liao, Yuan - Volkswirtschaftliche Fakultät, … - 2012
We study the estimation of a high dimensional approximate factor model in the presence of both cross sectional dependence and heteroskedasticity. The classical method of principal components analysis (PCA) does not efficiently estimate the factor loadings or common factors because it essentially...
Persistent link: https://www.econbiz.de/10011112633