Showing 1 - 10 of 2,685
Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has not been explored much in the literature: corruption may affect a country's composition...
Persistent link: https://www.econbiz.de/10013321581
previously unexplored (for this purpose) panel data on FDI by subsidiaries of U.S. multinational firms collected by Compustat …
Persistent link: https://www.econbiz.de/10013155967
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...
Persistent link: https://www.econbiz.de/10013228764
We present evidence that the traditional structure of society is an important determinant of the scope of trust today. Within Africa, individuals belonging to ethnic groups that organized society using segmentary lineages exhibit a more limited scope of trust, measured by the gap between trust...
Persistent link: https://www.econbiz.de/10012962171
. Using a number of estimation strategies, including an RD design at ethnic boundaries, we find that segmentary lineage …
Persistent link: https://www.econbiz.de/10012930336
status on productivity for a panel of manufacturing plants in nine African countries. The results indicate that exporters in …
Persistent link: https://www.econbiz.de/10013227223
This paper considers estimation of a panel data model with disturbances that are autocorrelated across cross …. If the time dimension of the data is large, feasible and efficient estimation proceeds by using the time dimension to … estimate spatial dependence parameters. For the case where the time dimension is small (the usual panel data case), we develop …
Persistent link: https://www.econbiz.de/10013232767
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic …
Persistent link: https://www.econbiz.de/10013044978
We propose a local measure of the relationship between parameter estimates and the moments of the data they depend on. Our measure can be computed at negligible cost even for complex structural models. We argue that reporting this measure can increase the transparency of structural estimates,...
Persistent link: https://www.econbiz.de/10013031825
In this paper I analyze GMM estimation when the sample is not a random draw from the population of interest. I exploit … Dutch Transportation Panel, in which refreshment draws were taken from the population of interest in order to deal with … heavy attrition of the original panel. I show how these additional samples can be used to adjust for sample selection …
Persistent link: https://www.econbiz.de/10014122994