This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived...

This paper introduces two easy to calculate estimators with desirable properties for the autoregressive parameter in dynamic panel data models. The estimators are (nearly) unbiased and perform satisfactorily even for small samples in either the time-series or cross-section dimension.

This paper introduces a new estimator for the fixed effects dynamic panel data model with exogenous variables. This estimator does not share some of the drawbacks of recently developed IV and GMM estimators and has a good performance even in small samples. The nearly unbiased estimator is...

The extent of beta- and sigma-convergence of average labor productivity across manufacturing industries in 18 OECD-countries over the period 1972-1992 show large inter-industry differences. One reason for these differences is knowledge and capital barriers preventing catch-up to occur. We find...

This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurence of positive (negative) skewness in the case of stochastic production (cost) frontier analysis. It takes as example the binomial distribution that can have negative or positive skew and derives...

This paper concentrates on negatively skewed one-sided distributions as an explanation ofthe occurence of positive (negative) skewness in the case of stochastic production (cost) frontieranalysis. It takes as example the binomial distribution that can have negative or positive skewand derives...

The extent of beta- and sigma-convergence of average labor productivity across manufacturing industries in 18 OECD-countries over the period 1972-1992 show large inter-industry differences. One reason for these differences is knowledge and capital barriers preventing catch-up to occur. We find...

This paper introduces two easy to calculate estimators with desirable properties for theautoregressive parameter in dynamic panel data models. The estimators are (nearly) unbiased andperform satisfactorily even for small samples in either the time-series or cross-section dimension.

This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...

In the present paper we address the relationship between the extentof business ownership (self-employment) and economic development. We will focusupon three issues. First, how is the equilibrium rate of business ownershiprelated to the stage of economic development? Second, what is the speed...