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proposed by Papke and Wooldridge, 1996, 2008, in univariate cross-sectional and panel contexts. The paper discusses the … econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …
Persistent link: https://www.econbiz.de/10012462302
The paper examines welfare effects and the trade balance response to changes in the world oil prices and interest rates for a small oil-importing economy. The trade balance is mainly seen as the difference between saving and investment, and these are derived from intertemporal optimization. It...
Persistent link: https://www.econbiz.de/10012478114
data, we present fresh evidence on the dynamic effects of temporary trade barriers. Estimates from country-level and panel …
Persistent link: https://www.econbiz.de/10012453361
What are the statistical and computational problems associated with robust nonlinear regression? This paper presents a number of possible approaches to these problems and develops a particular algorithm based on the work of Powell and Dennis
Persistent link: https://www.econbiz.de/10012479050
estimation bandwidth shrinking even as the sample size increases. Second, estimates may be biased if the time-series properties …
Persistent link: https://www.econbiz.de/10012455080
estimation method that takes advantage of our access to detailed Chinese Customs data at the commodity level. For example, the …
Persistent link: https://www.econbiz.de/10012472213
We provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in the terms of trade, but positively correlated with past movements....
Persistent link: https://www.econbiz.de/10012474721
Using an uneven panel of 135 countries from 1995 to 2014, we investigate the link between interest rates and private ….e., positive) effect. With the baseline estimation, we find that the real interest rate has the substitution effect on private …
Persistent link: https://www.econbiz.de/10012455808
Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates have collapsed. For much of the past two years they have been negative, but they have been trending down for some while. But how far have real rates fallen? This note computes a measure of...
Persistent link: https://www.econbiz.de/10012458777
This paper surveys the decline in real interest rates in advanced and emerging economies over the past several decades, linking that process to a range of global factors that have operated with different force in different periods. The paper argues that estimates of long-run equilibrium real...
Persistent link: https://www.econbiz.de/10014447270